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Asset Loan Sales Information

 

Updated 06/3/2016

 

Aged Delinquent Portfolio Loan Sale (ADPLS) Sale Results

Thank you to all the teams that participated in the May 18, 2016 Aged Delinquent Portfolio Loan Sale. 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 ADPLS@VerdiAssetSales.com

Post-Sale Results Report Available (January 2016)

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.


Aged Delinquent Portfolio Loan Sale - Average Age Delinquent, 48+ Months

The U.S. Department of Housing and Urban Development will be holding a sale of extremely delinquent non-performing notes with a scheduled bid date of May 18, 2016. 

The sale will consist of pools of mortgage loans that have gone through FHA’s loss mitigation and are, on average, more than 48 months delinquent, which represent significantly longer periods of delinquency than loans in HUD DASP sales. 

Pools will be announced in the coming weeks.

Entities interested in qualifying to participate in the sales must complete the Confidentiality and Qualification Agreements.  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 ADPLS@VerdiAssetSales.com

Please check back regularly for more information.

 

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.

October 21, 2015 Single Family Loan Sale Non-Profit Webinar

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.  A recording of the webinar can be viewed here and presentation to the slides can be downloaded here.

Post-Sale Results Report Available (August 2015)

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 2015-1 (SFLS 2015-1) Sale Results

Thank you to all the teams that participated in the SFLS 2015-1 sale.  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

Post-Sale Results Report Available (February 2015)

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.

Non-Profit Training Seminar

Thank  you to all  participants in the Non-Profit Training Seminar HUD held on February 5 & 6, 2015. The training slides are available here .

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

 

Office of Asset Sales Description


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 $15 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 defaulted assets are held, reducing the number and impact of distressed houses on communities across the country, 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 reduce claim costs, minimize the holding costs of defaulted healthcare facilities, and maximize recoveries to the FHA insurance fund.