U.S. Department of Housing & Urban Development
451 Seventh Street, S.W.
Washington, D.C. 20410
Connect with HUD
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. Kathleen Malone is the Director and John Lucey is the Deputy 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 12/11/2013
Single Family Loan Sale 2014-1
The Department's next offering in its Single Family Loan Sales program is scheduled for December 17th for National and Regional Offerings. There will be an offering on December 19th for Neighborhood Stabilization Outcome Pools.
Please check the Single Family page for more information!
Specific questions related to the sales can be sent to Assetsales@hud.gov.
Multifamily and Healthcare Loan Sale Update
There is an offering of a Multifamily asset on December 12th. Check the Multifamily link below for details.
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.
Single Family Loan Sales
Multifamily Loan Sales
Healthcare Loan Sales