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Asset Loan Sales Information

Updated 12/2/2015

Single Family Loan Sale 2016-1 (SFLS 2016-1) Sale Results

Thank you to all the teams that participated in the November 18, 2015 offering. The results from the sale can be found here.

For more information, please contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions or comments to SFLS2016-1@VerdiAssetSales.com

Please check back regularly for more information.

HUD Single Family Loan Sale Non-Profit Webinar on October 21st

Thank you to all who participated in the non-profit webinar on October 21st!  The webinar, “Encouraging Opportunities to Succeed,” covered all aspects of the Single Family note sales for non-profits interested in bidding and also for teams just interested in learning more about the notes sales process.  Links to the archived webinar will be provided in the near future. A recording of the webinar can be viewed here and presentation to the slides can be downloaded here.

Single Family Loan Sale 2016-1 (SFLS 2016-1) UPDATE

The Department’s Single Family Loan Sale 2016-1 will offer 8,300 nonperforming mortgage notes in National, Neighborhood Stabilization Outcome (NSO) and Non-Profit and Unit of Local Government Only Pools with an approximate UPB of $1.3 billion on November 18, 2015.  The Department has selected the following Neighborhood Stabilization Outcome (NSO) and Non-Profit and Unit of Local Government Only Pools to be offered in the 2016-1 sale.

Neighborhood Stabilization Outcome (NSO) Pools

Chicago, IL

New York City Metropolitan Area

State of Florida

State of Indiana

State of New Jersey

State of New York

State of Ohio

State of Pennsylvania

States of Alabama, Georgia, North Carolina, and Tennessee

States of Arizona, Colorado, Idaho, New Mexico, Nevada, and Utah

States of California, Oregon, and Washington

States of Connecticut, Maine, New Hampshire, and Rhode Island

States of Illinois, Iowa, Kentucky, and Missouri

States of Louisiana, Oklahoma, and Texas

States of Michigan, Minnesota, and Wisconsin

NSO Non-Profit and Unit of Local Government Only Pools

Chicago, IL

Tampa, FL Metropolitan Area

State of Massachusetts

Only non-profit bidders or units of local government will be eligible to bid on the NSO Non-Profit and Unit of Local Government Only Pools.

Entities interested in qualifying to participate in the sales must complete the Confidentiality and Qualification Procedures. 

For more information, please contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions or comments to SFLS2016-1@VerdiAssetSales.com

New Post-Sale Results Report Available

The Department has released its latest post-sale results report here. The report includes details on all of the Single Family Loan Sales including recent Distressed Asset Stabilization Program sales.

Single Family Loan Sale 2016-1 (SFLS 2016-1)

The Department is announcing the latest sale in its Distressed Asset Stabilization Program (DASP).  The sale will consist of one offering date with both National and Neighborhood Stabilization Outcome Pools (NSO) Pools offered on November 18th, 2015. 

The Department’s NSO offerings will include pools for which only non-profit bidders or units of local government will be eligible to bid. These NSO pools are in designated geographical areas that are aimed at neighborhood stabilization outcomes.

NSO pools, including the NSO Non-Profit and Unit of Local Government Pool geographical areas will be announced in the coming weeks.

Entities interested in qualifying to participate in the sales must complete the Confidentiality and Qualification Procedures.  These documents will be available to interested bidders shortly.

For more information, please contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions or comments to SFLS2016-1@VerdiAssetSales.com

Single Family Loan Sale 2015-1 (SFLS 2015-1) Sale Results

Thank you to all the teams that participated in last week's offering.  The results from the sale can be found here.
 
A fact sheet with details about this sale can be found here.

For more information, please contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions or comments to SFLS2016-1@VerdiAssetSales.com

New Post-Sale Results Report Available!

The Department has released its latest post-sale results report, Report to the Commissioner on SFLS 03 09 2015. The report includes details on all of the Single Family Loan Sales including recent Distressed Asset Stabilization Program sales.

Thanks to all who participated in the Non-Profit Training Seminar held at HUD's Washington, DC headquarters on February 5 & 6, 2015. The training slides are now available - see link below.

February 5th & 6th HUD SFNS 101 - Non-Profit Training Seminar Slides.

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

Telephone: (202) 708-2625
Fax: (202) 708-2771
Email: assetsales@hud.gov

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 that 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 sales experience. John Lucey is the Director of the Office of Asset Sales.

The Single Family Loan Sale (SFLS) initiative 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 (NSO) or NSO-targeted loan pools.

The Multifamily Loan Sale (MFLS) program 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.

Single Family Loan Sale November 19th Neighborhood Stabilization Outcome Pool Offering

Thank you to all of the teams that participated in the Department's November 19, 2014, offering. The results from that sale can be found here.

Single Family Loan Sale 2014-2 September Results

Thank you to all of the teams that participated in the Department's September 30, 2014, offering. The results from that sale can be found here.

Information on the November Neighborhood Stabilization Outcome Pool sale will be available on this page soon.

The Department is releasing its first post-sale results report. The report includes details on all of the Single Family Loan Sales including the recent Distressed Asset Stabilization Program sales.

Single Family Loan Sale 2014-2 June Results

Thank you to all of the teams that participated in the Department's June 11 and June 25, 2014, offerings. The results from the June 11th offering can be found here. The results from the June 25th offering can be found here.

We also have a fact sheet about the June 11th sale.

We will provide information about our next sale in the near future. Please check the Single Family Loan Sales page below for more information on the Loan Sale program.

Specific questions related to the sales can be sent to assetsales@hud.gov

Multifamily and Healthcare Loan Sale Update

A Healthcare Note (HLS 2015-1) was scheduled for sale on December 17, 2014. For more information, contact J.S. Watkins Realty Partners, LLC at (301) 215-7953 or twatkins@jswpartners.com.

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 further questions, please call or email the FHA Office of Asset Sales using the information shown above.

Single Family Loan Sales

Multifamily Loan Sales

Healthcare Loan Sales