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Single Family Loan Sales 2016-2 is now closed.

 

Updated 09/28/2016

Single Family Loan Sale 2016-2 – Sale Results

Thank you to all the teams that participated in the September 14th, 2016 offering. The results from the sale can be found here.


Updated 09/02/2016

Single Family Loan Sale 2016-2 – BIP Supplement #2 Posted

The BIP Supplement #3 has been posted for Qualified Bidders for the 2016-2 sale


Updated 08/30/2016

Single Family Loan Sale 2016-2 – BIP Supplement #2 Posted

The BIP Supplement #2 has been posted for Qualified Bidders for the 2016-2 sale


Distressed Asset Stabilization Program – Rolling NSO Qualification

The U.S. Department of Housing and Urban Development, (“HUD”), announced the latest non-performing, residential loan sale in its Distressed Asset Stabilization Program (DASP).

On September 14th, 2016, HUD will offer 20 non-performing residential mortgage pools consisting of 10,500 notes and an aggregate unpaid principal balance of approximately $1.7 billion.
The sale will consist of 12 Neighborhood Stabilization Outcome (NSO) Pools (approximately $800 million of UPB) and 8 diversified national pools ($900 million of UPB). The Department’s NSO offerings will include five Non-Profit or Units of Local Government Only Pools.

The geographic market areas and approximate unpaid principal balance of the NSO pools are:

NSO Pools

*This sale will also include the first ever National Non-Profit Set-aside. This option will allow non-profits to submit loan level bids on a minimum of 25 loans and a maximum of five percent of the pool’s loans, in a designated National Pool. HUD will award one sub-pool to the non-profit whose bid delivers the greatest return to HUD. This sub-pool will carry all the same requirements that exist in traditional NSO pools.


Updated 08/23/2016

Single Family Loan Sale 2016-2 – BIP Supplement #1 Posted

The BIP Supplement #1 has been posted for Qualified Bidders for the 2016-2 sale


Updated 08/17/2016

Single Family Loan Sale 2016-2 – Bid Data Room Open

The Data Room for the 2016-2 sale is now open to all Qualified Bidders


Updated 08/12/2016

Distressed Asset Stabilization Program – Rolling NSO Qualification

The Department of Urban and Housing Development (“HUD”) will be holding a Distressed Asset Stabilization Program (“DASP”) Enhancements Seminar on August 17th, 2016 at the Philadelphia HUD Home Ownership Center in Philadelphia, PA. To register for the seminar, click on this Link.

For further information, lease visit HUD’s Asset Sales Office website at this Link.

For any questions or comments, contact the Asset Sales Office’s Single Family Loan Sale Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or send your questions to HUDsales@VerdiAssetSales.com.


Updated 7/25/2016

Single Family Loan Sale 2016-2 Confidentiality Agreement and Qualification Statement Available

For SFLS 2016-2, the Confidentiality Agreement and Standard Qualification Statement are now available. Interested Investors can select the links below to electronically sign and submit these forms in order to qualify for the upcoming sale.

SFLS 2016-2 Confidentiality Agreement

SFLS 2016-2 Standard Qualification Statement

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.


Updated 6/30/2016

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

The Department of Housing and Urban Development (“HUD”) 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.


Updated 6/30/2016

FHA Announces Most Significant Improvements for Distressed Notes Sales Program

Click Here to go to HUD’s Asset Sales Office announcement.


Verdi Asset Sales Platform – Service for Bidder Registration and Asset Bidding

The Verdi Asset Sales (“VAS”) system provides an opportunity to conduct mortgage loan sales under the U.S. Department of Housing and Urban Development’s (“HUD”) Single Family Loan Sale (“SFLS”) initiative. The SFLS program, instituted in 2010 by the Federal Housing Administration (“FHA”) within HUD helps to sell distressed mortgages prior to foreclosure and property conveyance to FHA, thereby avoiding costly and potentially lengthy foreclosures. As part of the sale process, the VAS solution offers quick and reliable access to the Participants/Bidders interested in the competitive auctions conducted by HUD. Participants can acquire assets at competitive prices to service the assets and provide homeowners with the opportunity to prevent costly foreclosures. The FHA sales structure offers for purchase of defaulted single-family mortgages in large national pools as well as loan pools in designated geographical areas that are aimed at a Neighborhood Stabilization Outcome (“NSO Pools”). The VAS platform allows for investors to bid all assets within an individual or aggregate Mortgage Loan Pool when qualified. Interested bidders can register to become authorized bidders and submit all related documentation for the bid and adhere to the bid terms. Authorized bidders can thereby participate on the Bid Day to make an offer to purchase the assets within HUD specified timeframes and guidelines.


Distressed Asset Stabilization Program – Rolling NSO Qualification

The rolling NSO qualification for non-profits and units of state and local government generic qualification statement can be found through this Link. There will also be a required specific sale recertification qualification statement