Freddie Mac announces $290M non-performing loan sale

Freddie Mac (FMCC) will offer approximately $290 million in non-performing loans for sale via auction. The NPLs being offered consist of seasoned, deeply delinquent residential first lien whole loans held in Freddie Mac’s mortgage-related investments portfolio. The NPLs are currently serviced by Select Portfolio Servicing, Newrez, d/b/a Shellpoint Mortgage Servicing or Nationstar Mortgage, d/b/a Rushmore Servicing. The NPLs are being marketed via four pools: three Standard Pool Offerings and one Extended Timeline Pool Offering, which targets participation by smaller investors, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses. Bids are due from qualified bidders by March 27, 2025 for the SPO pools, and April 10, 2025 for the EXPO pool.