Freddie Mac announces first non-performing loan sale of 2018

Freddie Mac announced its first non-performing loan sale of 2018, where it is marketing about $420 million in non-performing loans. The auction of seasoned non-performing residential whole loans held in Freddie Mac’s mortgage investment portfolio is currently being serviced by Shellpoint Mortgage Servicing. It is being marketed through these four pools: three standard pool offerings and one extended timeline pool offering, which targets participation by smaller investors, including nonprofits and minority or women-owned businesses.

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Source: Housing Wire