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Freddie Mac sells off $706 million in non-performing loans to private investors

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MCLEAN, May 24, 2019 (GLOBE NEWSWIRE via COMTEX) — Freddie Mac (otcqb:FMCC) today announced it sold via auction 118 non-performing residential first lien loans (NPLs) serviced by NewRez LLC.

MCLEAN, VA–(Marketwired – May 26, 2015) – Freddie Mac ( OTCQB : FMCC ) today announced that on May 21 st it sold via auction 1,052 deeply delinquent Ocwen serviced non-performing loans (NPLs.

As part of a continued effort to clear its mortgage portfolio of non-performing loans, Freddie Mac has announced it will auction off a single pool of non-performing loans (NPLs) with $233 million.

MCLEAN, VA–(Marketwired – Jun 21, 2016) – Freddie Mac (otcqb: fmcc) today announced it sold via auction 2,879 deeply delinquent non-performing loans (NPLs) serviced by Bayview Loan Servicing, LLC from its mortgage-related investments portfolio. The transaction is expected to settle in August 2016, and servicing will be transferred post-settlement.

Familiar buyer buys up more than $500 million more in delinquent loans. Freddie Mac announced Tuesday that it agreed to sell more than $700 million in delinquent loans off of its books to a series of private investors, with one familiar buyer snapping up much of the offering.. The sale, which freddie mac previously announced last month, consists of five pools of 2,879 deeply delinquent non.

To date, Freddie Mac has sold $7 billion of non-performing loans and transacted $38 billion of RPLs consisting of (i) $27 billion via fully guaranteed PCs, (ii) $10 billion via Seasoned Credit Risk Transfer ("SCRT") senior/sub securitizations, and (iii) $1 billion via Seasoned Loan Structured Transaction ("SLST") offerings.

Corporate Research E-Letter No. 43, January 2004. THE SCANDAL IN HOME MORTGAGE FINANCING: A LOOK AT FREDDIE MAC. by Mafruza Khan. In December 2003 Freddie Mac, the federally chartered mortgage financing giant, agreed to pay a civil penalty of $125 million and implement measures to correct its accounting and governance problems as part of a consent order with a federal regulator.

Freddie Mac going to sell-off $759 million in non-performing loans fannie mae has announced that it will be getting rid of, as in selling, the loans that are not performing and that are delinquent. This will be the first non -performing loan sale this year.

MCLEAN, Va., May 24, 2019 — Freddie Mac (OTCQB: FMCC) today announced it sold via auction 118 non-performing residential first lien loans (NPLs) serviced by NewRez LLC, doing. Freddie Mac sells $22 Million of NPLs in Extended Timeline Pool Offering

Why foreclosure filings are falling in California California had the highest total number of filings for any state, 523,624, more than double 2007 levels. stockton, Calif. had the highest rate of foreclosures of any metropolitan area, at 9.5%.