Asset Loan Sales Information
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 SFLS2015-1@VerdiAssetSales.com
Please check back regularly for more information.
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
451 Seventh Street, S.W.
Washington, D.C. 20410
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 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 firstname.lastname@example.org
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 email@example.com.
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