trending Market Intelligence /marketintelligence/en/news-insights/trending/cyjyx53gtzq7phqonfeplg2 content esgSubNav
In This List

Freddie Mac auctions $341M of nonperforming loans

Blog

Banking Essentials Newsletter: January 11th Edition

Blog

Banking Essentials Newsletter December 21st Edition

Blog

The Road to Basel IV: Navigating the challenge facing European banks

Blog

Basel Framework- Utilizing data to analyze the capital position of European banks.


Freddie Mac auctions $341M of nonperforming loans

Freddie Mac has sold via auction 2,150 deeply delinquent nonperforming loans worth $341 million currently serviced by New Penn Financial LLC, which does business as Shellpoint Mortgage Servicing.

The sale is part of Freddie Mac's standard pool offerings. Two of the three pools consist of mortgage loans secured by geographically diverse properties. The remaining pool consists solely of mortgage loans secured by properties in Chicago, Cook County.

The transaction is expected to settle in May. Bids for the upcoming extended timeline pool offering, which is a smaller-sized pool of loans, are due by March 27.

Advisers to Freddie Mac on the transaction are JPMorgan Chase LLC and The Williams Capital Group LP.