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U.S. Department of Housing & Urban Development
451 Seventh Street, S.W.
Room 3136
Washington, D.C. 20410

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Telephone: (202) 708-2625 or toll free (800) 481-9895
Fax: (202) 708-2771

The FHA Office of Asset Sales was established to coordinate the disposition of defaulted FHA-held single family, multifamily and healthcare mortgage notes.  Under the Debt Collection Improvement Act of 1996, credit agencies with $100 million in loan assets are expected to sell certain delinquent loans. The asset sales program provides another disposition option for defaulted FHA notes to the conveyance claim process which requires foreclosure on the borrower and the sale of the acquired property.  HUD has assembled a seasoned team of professionals with over $6 billion in whole loan and joint venture sale experience.  John Lucey is the Acting Director of the Office of Asset Sales.

The Single Family Loan Sale initiative (“SFLS”) intends to meet the mission and financial objectives of maximizing recoveries to the mutual mortgage insurance fund, reducing claim costs, minimizing the time that assets are held and keeping homeowners in their homes.  SFLS may include the sale of loan pools in designated geographic areas that are aimed at a neighborhood stabilization outcome or “NSO Targeted” loan pools. 

The Multifamily Loan Sale program (“MFLS”) is intended to reduce claim costs, increase the availability of affordable housing, minimize holding costs for multifamily properties and maximize recoveries to the FHA insurance fund. 

The Healthcare Loan Sale program is also intended to minimize claim costs and maximize recoveries to the FHA insurance fund.


Updated as of 4/10/2014



Single Family Loan Sale 2014-2

Neighborhood Stabilization Outcome Regions for the June Offering!

The Department has identified the metropolitan areas and counties for the Neighborhood Stabilization Outcome Pools for the June Offering.  The areas are:

Atlanta, Georgia
Chicago, Illinois
Cumberland County, New Jersey
Detroit, Michigan
Miami, Florida
Philadelphia, Pennsylvania
San Antonio, Texas
San Bernardino County, California

We will be providing more information on these pools and how to qualify to bid in the very near future.  Please check the Single Family page for more information on the Loan Sale program!

Specific questions related to the sales can be sent to


Multifamily and Healthcare Loan Sale Update

Thank you to all of the groups that participated in our recent offerings!  We will be providing more information here in the near future. 


Past Sales

The Results Reports for previous sales, as well as general program information and Frequently Asked Questions can be found on the Single Family Loan Sales, Multifamily Loan Sales and Health Care Loan Sales pages, links to which are provided below.

If you have any further questions, please call 1-800-481-9895 or email the Asset Sales Office.

General Information

Single Family Loan Sales

Multifamily Loan Sales

Healthcare Loan Sales