
Freddie Mac Announces $487 million Non-Performing Loan Sale | FMCC Stock News

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Freddie Mac announced a sale of approximately $487 million in non-performing loans (NPLs) via auction, targeting smaller investors. The NPLs consist of deeply delinquent residential first lien whole loans. Bids are due by October 16 for Standard Pool Offerings and October 30 for the Extended Timeline Pool Offering. Freddie Mac aims to reduce less-liquid assets in its mortgage-related investments portfolio. Since 2011, it has sold $10.7 billion in NPLs and securitized $81.3 billion in re-performing loans. Advisors for the transaction include BofA Securities and First Financial Network.
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