Freddie Mac completes first small pool sale of deeply delinquent mortgages

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The SB48 certificate is comprised of small. Mortgages that were previously modified and subsequently became delinquent comprise approximately 65 percent of the pool balance and the loan-to-value.

Late on Friday Freddie Mac said it had sold off $305 million worth of "seriously delinquent" loans from its mortgage investment portfolio. freddie Mac first announced it would be holding the.

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Housing Finance Agency (FHFA), asked of Freddie Mac in early 2012.. At $19.2 billion, Multifamily loan purchases in the first three quarters of. In contrast, the delinquency rate on multifamily commercial mortgage-. Upon securitization, loans in the pool would be serviced by third parties, and be.

MCLEAN, VA–(Marketwired – Mar 3, 2015) – Freddie Mac (OTCQB: FMCC) sold via auction 1,975 deeply delinquent non-performing loans (NPLs) from its mortgage investment portfolio on February 6, 2015. The loans have an aggregate unpaid principal balance (UPB) of $392 million. The transaction is expected to settle in mid-March.

Government-backed mortgage company freddie mac (fmcc) is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt. Buyers are bidding on three pools of loans, with unpaid principal balances of $160 million, $141 million and $109 million respectively, according to loan broker Mission Capital Advisors.

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VRMTG ACQ, LLC, a minority woman-owned business, is the winning bidder on a pool of 113 deeply delinquent non-performing loans (NPLs) recently auctioned by Freddie Mac. The loans, which are currently being serviced by New Penn Financial, LLC d/b/a Shellpoint Mortgage Servicing, have been delinquent.

More Fannie Mae, Ginnie MSRs to be sold off It was then split off from the government in 1968 while retaining an aura of taxpayer backing. The U.S. seized Fannie Mae and Freddie Mac in September 2008 and began standing behind them more.

Non-Performing Notes - Sales & New Supply The latest non-performing loan sale, Fannie Mae’s fourth overall, will include a smaller Community Impact Pool. Read More freddie mac completes Second Non-Performing Loan Sale Worth More than.

Fannie Mae and Freddie Mac buy mortgages, package them into. that comprehensive housing finance reform must be completed through. explicit government guarantee and the resulting deep, liquid capital. NAR is pleased the outline allows for this, supporting smaller and. delinquencies were low.

Freddie Mac is selling more than $1 billion of soured U.S. home loans in its largest sale of the debt. Potential buyers are bidding on three pools of nonperforming loans, with unpaid principal balances of about $660 million, $249 million and $125 million, according to debt broker Mission Capital Advisors.