Freddie Mac completes first small pool sale of deeply delinquent mortgages

Freddie Mac Sells $1.1 Billion of Seriously delinquent loans pdf version MCLEAN, VA–(Marketwired – Dec 8, 2015) – Freddie Mac (OTCQB: FMCC) today announced it sold via auction 5,311 deeply delinquent non-performing loans (npls) serviced by Wells Fargo Bank, N.A. from its mortgage investment portfolio on December 4, 2015.

What is the First Complete Borrower Response Package? The First Complete Borrower Response Package is the first complete Borrower Response Package received in connection with a mortgage secured by a primary residence for any period of continuous delinquency. As a reminder, a complete Borrower Response Package includes the following:

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McLean, Va.-By auction, Freddie Mac has sold from its mortgage-related investments portfolio 2,879 "deeply delinquent" non-performing loans serviced by Bayview Loan Servicing LLC. The sale.

Freddie Mac completes first small pool sale of deeply delinquent mortgages Freddie Mac sells off $305 million in seriously delinquent mortgages Freddie Mac completes sale of $201 million pool of.

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Community Loan Fund of New Jersey Inc., a nonprofit, is the winning bidder on a pool of 189 deeply delinquent nonperforming loans (NPLs) recently auctioned by Freddie Mac. The loans – which have a total unpaid principal balance of about $43.7 million – are.

The SB48 certificate is comprised of small. Mortgages that were previously modified and subsequently became delinquent comprise approximately 65 percent of the pool balance and the loan-to-value.

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Mortgage financier Freddie Mac announced Monday that it would put greater restrictions on the types of delinquent loans it buys from mortgage pools.. Under the new guidelines, Freddie Mac will only purchase delinquent loans 120 days or more overdue if they meet certain criteria.

 · Now, Freddie has completed its first EXPO sale, . Freddie Mac announced that it completed its first sale of a small pool of deeply delinquent non-performing loans as part of a.

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Freddie Mac to Sell $1 Billion Worth of Non-Performing Mortgage Loans. In many cases, the seriously delinquent loans in the GSE portfolios are more than a year overdue. The 1,975 NPLs sold in the February sale were an average of three years delinquent on mortgage payments, meaning that most of them were likely in some stage of mitigation, according to Freddie Mac.