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Asset Loan Sales Information

 

 

 Updated 12/08/2016

 

HUD-Held Vacant Loan Sale 2017-1 (“HVLS 2017-1”)Sale Results

Thank you to all the teams that participated in the November 30, 2016 HUD-Held Vacant Loan Sale 2017-1. 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


HUD-Held Vacant Loan Sale 2017-1 (“HVLS 2017-1”).

The U.S. Department of Housing and Urban Development, (“HUD”) has announced the first of a new offering type, the HUD-Held Vacant Loan Sale 2017-1 (“HVLS 2017-1”).  On November 30th, 2016, HUD will offer multiple residential mortgage pools consisting of approximately 1,700 notes and an aggregate broker price opinion of approximately $220 million.  The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4 unit, vacant residential properties where the last surviving borrower is deceased.  For more information, contact the Asset Sales Office’s Single Family Transaction Specialist at 1-844-709-0763 or email HUDsales@VerdiAssetSales.com for more information.


Single Family Loan Sale 2016-2 (SFLS 2016-2) Sale Results

Thank you to all the teams that participated in the September 14, 2016 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


Post-Sale Results Report Available (October 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.


The HUD Library Appendices for the October 2016 Post-Sale Results Report can be found here.


Distressed Asset Stabilization Program (“DASP”) Enhancements Seminar & Webinar  

The Department of Housing and Urban Development (HUD) is holding an informational Seminar & Webinar on Distressed Asset Stabilization Program (“DASP”) loan sales and recently announced enhancements on August 17, 2016.  Interested parties can register for the Live Webinar or to attend in person atHUD’s Philadelphia Home Ownership Center. 

For more information, please contact the HUD’s Transaction Specialist at HUDsales@verdiassetsales.com, or call at 1-844-709-0763


FHA Announces Distressed Notes Sales Program Improvements

On June 30, 2016, FHA announced a series of enhancements to the Department's Distressed Asset Stabilization Program (DASP) to improve protections for borrowers and communities, increase participation by non-profits, and improve program transparency and disclosures.  More information can be found here.


Single Family Loan Sale 2016-2 (SFLS 2016-2)

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 September 14th, 2016. 

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 shortly.

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 HUDsales@VerdiAssetSales.com

Please check back regularly for more information.


Healthcare Loan Sale 2016-1 (HLS 2016-1)

The Department is announcing the latest sale in its Healthcare Asset Sales Program. The sale will consist of eight (8) non-performing healthcare assets in four (4) Mortgage Loan Pools and (1) one All-Or-None Pool offered on July 20th, 2016.

Entities interested in qualifying to participate in the sale must complete the Confidentiality Agreement and Qualification Statement.  These documents can be found on the sale website at www.debtx.com.

For more information, please contact the Asset Sales Office’s Multifamily and Healthcare Transaction Specialist, J.S. Watkins Realty Partners, LLC, at 1-301-215-7269 or send your questions or comments to hls2016-1@debtx.comor twatkins@jswpartners.com

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.


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.

 

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

 

This non-profit training seminar section was reworded.  Please link the slides from this “here” to the “here” below.

February 5-6, 2015 Non-Profit Training Seminar

Training slides from the Non-Profit Training Seminar HUD held on February 5-6, 2015. 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.