Earlier this week, Fannie Mae announced its first non-performing loan sale of 2017, stating that it plans to sell 10,000 delinquent loans with a total unpaid principal balance of $1.76 billion from its portfolio.

Fannie Mae’s fellow government-sponsored enterprise announced a NPL sale of its own on Friday.

Freddie Mac said Friday that it is planning to sell off $759 million non-performing loans in its first NPL sale of 2017.

According to Freddie Mac, the NPLs are currently serviced by Nationstar Mortgage or Specialized Loan Servicing. The sale marks Freddie Mac's second multi-servicer NPL transaction.

Freddie Mac said that the NPLs will be sold in five pools, four Standard Pool Offerings and one Extended Timeline Pool Offering, which targets participation by smaller investors, including non-profits and minority and women-owned businesses.

Advisors to Freddie Mac on the transaction are Wells Fargo Securities and First Financial Network.

According to Freddie Mac, bids from qualified bidders are due on March 14, 2017, for the SPO pools and due on March 28, 2017, for the EXPO pool.

The sales are expected to settle in May 2017, Freddie Mac said.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

Fannie Mae: Consumers' attitude about the housing market improved in November

Although the nation’s homebuying confidence strengthened in November, Fannie Mae’s Home Purchase Sentiment Index indicates several factors including supply and home price appreciation are weakening growth.

Dec 09, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please