Freddie Mac selling off $632 million in non-performing loans

Freddie Mac selling off $632 million in non-performing loans

Freddie Mac sells off $706 million in non-performing loans to private investors Freddie Mac sells $43.7 million in non-performing loans to non-profit Ben Lane is the Editor for HousingWire.

Senate confirms Julin Castro as HUD Secretary Julián Castro, Barack Obama’s former Secretary of Housing and Urban. to have gutted several of the resources. Mayor Julian Castro is sworn in during his confirmation hearing before the Senate.OCC: Number of loans in foreclosure reaches a three-year low Lawsky: Our fight against nonbanks is just beginning It’s a new beginning with opportunity to make some changes. We want to do everything you said all at once but we can’t. Here are our priorities.’ And on issues like the Volcker Rule, they need to.

To get out of that hole, the two GSEs increasingly have turned to selling off their distressed mortgages. During the second half of 2015, Freddie Mac reported auctioning. an active participant in.

In the first bulk sale of seriously delinquent mortgage loans from its portfolio in 2015, Freddie Mac announced on Tuesday it has auctioned off 1,975 deeply delinquent non-performing loans with an.

 · Freddie Mac to sell off $1.2 billion in non-performing loans Freddie Mac sells off another $1.4 billion in non-performing loans Ben Lane is the Editor for HousingWire.

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JPMorgan Chase & Co. last month sold about $500 million of bad loans to Lone Star Funds, while Oak Hill Advisors LP bought $659 million of such debt from Freddie Mac, according to. continue to look.

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Freddie mac announced late Friday that it sold $305 million in seriously delinquent loans from its mortgage investment portfolio. The sale, which was initially announced last month, was completed via auction, with two pools containing 1,611 total loans being sold to a pair of buyers.

Bank of the Cascades, a wholly owned subsidiary of Bend, Ore.-based Cascade Bancorp, has agreed to sell approximately 8 million of certain non-performing, substandard and related performing loans. Included in the sale is an additional $2 million of the bank’s other real estate owned (OREO) properties.

New private equity fund breaks into real estate While many post-crisis investments have focused on core properties – fully leased buildings – some investors are now looking for funds that buy into new developments. Among residential real estate.

MCLEAN, VA, Jul 08, 2015 (Marketwired via COMTEX) — Freddie Mac (otcqb:FMCC) today announced a $632.2 million non-performing loan (NPLs) transaction, an auction of deeply delinquent loans from.

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 9 million respectively, according to loan broker Mission Capital Advisors.

The administration expects this to save more than 2 million homeowners an average of $900 each year. A separate program expands the 3% down payment option for conventional loans. There are now about 5.9 million borrowers who could see their rates drop. May 21 to 3.94% now, according to Mortgage News Daily.

Future plans of investors in private real estate First, get to know professionals in your industry, such as real estate agents, fellow investors, title companies, attorneys, and private investors. Many private lenders will come through referrals within your own real estate network. Second, it is a good idea to build your contact list from people outside of the real estate industry.

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