Asset Loan Sales Announcement

Updated 10/23/2015
HUD Single Family Loan Sale 2016-1 (SFLS 2016-1)

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

On November 18th, 2015, HUD will offer 24 non-performing residential mortgage pools consisting of 8,300 notes and an aggregate unpaid principal balance of approximately $1.3 billion. The sale will consist of 19 Neighborhood Stabilization Outcome (NSO) Pools ($715MM UPB) and 5 diversified national pools ($600MM UPB).

The Department’s NSO offerings will include three Non-Profit or Units of Local Government Only Pools.

Pools

Entities interested in participating can contact the Asset Sales Office’s Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or SFLS2016-1@VerdiAssetSales.com for more information.