Freddie Mac Announces $233 million Non-Performing Loan Sale
Freddie Mac (OTCQB: FMCC) has announced a $233 million non-performing loan (NPL) sale via auction. The offering includes a Standard Pool Offering (SPO) and two Extended Timeline Pool Offerings (EXPO) targeting smaller investors, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs). Bids are due by September 26, 2024 for the SPO pool and October 10, 2024 for the EXPO pools.
The NPLs consist of seasoned, deeply delinquent residential first lien whole loans from Freddie Mac's mortgage-related investments portfolio. This sale is part of Freddie Mac's strategy to reduce less-liquid assets in an economically sensible way. Since 2011, Freddie Mac has sold $10.3 billion of NPLs and securitized approximately $78.6 billion of re-performing loans (RPLs).
Freddie Mac (OTCQB: FMCC) ha annunciato una vendita di prestiti non performanti (NPL) del valore di 233 milioni di dollari tramite un'asta. L'offerta include un'offerta standard (SPO) e due offerte a lungo termine estese (EXPO) destinate a investitori più piccoli, comprese organizzazioni non profit e imprese di minoranza, donne, disabili, LGBTQ+, veterani o imprese di veterani disabili (MWDOBs). Le offerte devono essere presentate entro il 26 settembre 2024 per il pool SPO e il 10 ottobre 2024 per i pool EXPO.
Gli NPL consistono in prestiti residenziali di prima ipoteca, profondamente inadempienti e con una storia consolidata, provenienti dal portafoglio di investimenti ipotecari di Freddie Mac. Questa vendita fa parte della strategia di Freddie Mac per ridurre gli attivi meno liquidi in un modo economicamente sensato. Dal 2011, Freddie Mac ha venduto 10,3 miliardi di dollari di NPL e ha cartolarizzato circa 78,6 miliardi di dollari di prestiti in ristrutturazione (RPL).
Freddie Mac (OTCQB: FMCC) ha anunciado una venta de préstamos no rentables (NPL) de 233 millones de dólares a través de una subasta. La oferta incluye una Oferta Estándar (SPO) y dos Ofertas de Línea de Tiempo Extendida (EXPO) dirigidas a inversores más pequeños, incluidas organizaciones sin fines de lucro y Negocios de Minorías, Mujeres, Personas con Discapacidad, LGBTQ+, Veteranos o Empresas de Veteranos con Discapacidad (MWDOBs). Las ofertas deben presentarse antes del 26 de septiembre de 2024 para el grupo SPO y el 10 de octubre de 2024 para los grupos EXPO.
Los NPL consisten en préstamos residenciales de primera hipoteca que están profundamente morosos y con una larga trayectoria, provenientes de la cartera de inversiones hipotecarias de Freddie Mac. Esta venta es parte de la estrategia de Freddie Mac para reducir activos menos líquidos de una manera económicamente sensata. Desde 2011, Freddie Mac ha vendido 10,3 mil millones de dólares en NPL y ha titulado aproximadamente 78,6 mil millones de dólares en préstamos en reestructuración (RPL).
프레디 맥(OTCQB: FMCC)이 2억 3천 3백만 달러 규모의 부실대출(NPL) 매각을 경매 방식으로 발표했습니다. 이 제안에는 소규모 투자자를 위한 표준 풀 오퍼링(SPO)과 두 개의 연장 기간 풀 오퍼링(EXPO)이 포함되어 있으며, 비영리 단체 및 소수 민족, 여성, 장애인, LGBTQ+, 재향 군인 또는 서비스 장애인 소유 기업(MWDOB)을 포함합니다. 입찰 마감일은 SPO 풀의 경우 2024년 9월 26일, EXPO 풀의 경우 2024년 10월 10일입니다.
NPL은 프레디 맥의 주택 관련 투자 포트폴리오에서 나온 경과가 많은 깊은 채무의 주택 첫 담보 전체 대출로 구성됩니다. 이 매각은 경제적으로 합리적인 방식으로 유동성이 낮은 자산을 줄이려는 프레디 맥의 전략의 일환입니다. 2011년 이후, 프레디 맥은 1,030억 달러의 NPL을 매각하고 약 7,860억 달러의 재조정 대출(RPL)을 증권화하였습니다.
Freddie Mac (OTCQB: FMCC) a annoncé une vente de prêts non performants (NPL) de 233 millions de dollars par le biais d'une enchère. L'offre comprend une Offre de Pool Standard (SPO) et deux Offres de Pool à Chronologie Étendue (EXPO) visant des investisseurs plus petits, y compris des organisations à but non lucratif et des entreprises appartenant à des minorités, à des femmes, à des personnes handicapées, LGBTQ+, des vétérans ou des entreprises de vétérans handicapés (MWDOB). Les offres doivent être soumises d'ici le 26 septembre 2024 pour le pool SPO et le 10 octobre 2024 pour les pools EXPO.
Les NPL se composent de prêts résidentiels de première hypothèque très en retard et bien établis, issus du portefeuille d'investissements hypothécaires de Freddie Mac. Cette vente fait partie de la stratégie de Freddie Mac pour réduire les actifs moins liquides de manière économiquement sensée. Depuis 2011, Freddie Mac a vendu 10,3 milliards de dollars de NPL et a titrisé environ 78,6 milliards de dollars de prêts en restructuration (RPL).
Freddie Mac (OTCQB: FMCC) hat den Verkauf von 233 Millionen Dollar an notleidenden Krediten (NPL) via Auktion bekannt gegeben. Das Angebot umfasst ein Standard Pool Angebot (SPO) und zwei erweiterte Zeitrahmen Pool Angebote (EXPO), die sich an kleinere Investoren richten, einschließlich gemeinnütziger Organisationen und Unternehmen von Minderheiten, Frauen, Menschen mit Behinderungen, LGBTQ+, Veteranen oder von Veteranen mit Behinderungen geführte Unternehmen (MWDOBs). Die Gebote müssen bis zum 26. September 2024 für den SPO-Pool und bis zum 10. Oktober 2024 für die EXPO-Pools eingereicht werden.
Die NPLs bestehen aus langjährig in Verzug geratenen Wohnimmobilien-First-Lien-Whole-Darlehen aus dem Hypotheken-Investitionsportfolio von Freddie Mac. Dieser Verkauf ist Teil von Freddies Macs Strategie zur Reduzierung weniger liquider Vermögenswerte auf wirtschaftlich sinnvolle Weise. Seit 2011 hat Freddie Mac NPLs im Wert von 10,3 Milliarden Dollar verkauft und etwa 78,6 Milliarden Dollar an umstrukturierenden Krediten (RPLs) securitisiert.
- Potential reduction of $233 million in non-performing loans from Freddie Mac's portfolio
- Opportunity for smaller investors, including non-profits and MWDOBs, to participate in the auction
- Continuation of Freddie Mac's strategy to reduce less-liquid assets in an economically sensible way
- Presence of $233 million in deeply delinquent residential first lien whole loans in Freddie Mac's portfolio
Includes two Extended Timeline Pool Offering Targeting Smaller Investors
MCLEAN, Va., Sept. 04, 2024 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) announced today it will offer approximately
The NPLs are being marketed via three pools: a Standard Pool Offering (SPO®) and two Extended Timeline Pool Offerings (EXPO®), which target participation by smaller investors, including non-profits and Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs).
Bids are due from qualified bidders by September 26, 2024 for the SPO pool, and October 10, 2024 for the EXPO pools.
All eligible bidders, including private investors, MWDOBs, non-profits and neighborhood advocacy organizations are encouraged to bid. To participate, all potential bidders must be approved by Freddie Mac and successfully complete a qualification package to access the secure data room containing information about the NPLs and to bid on the NPL pool(s). The bids are to be made on an all-or-none basis for any pool. The winning bidder for each pool will be determined on the basis of the economics of the bids, subject to meeting Freddie Mac’s internal reserve levels, at Freddie Mac’s sole discretion.
Advisors to Freddie Mac on the transaction are Citigroup Global Markets Inc. and First Financial Network, Inc., a woman-owned business.
Freddie Mac’s seasoned loan offerings focus on reducing less-liquid assets in the company’s mortgage-related investments portfolio in an economically sensible way. This includes sales of NPLs, securitizations of re-performing loans (RPLs) and structured RPL transactions. Since 2011, Freddie Mac has sold
http://www.freddiemac.com/seasonedloanofferings/.
The financial and other information contained in the documents that may be accessed on this page speaks only as of the date of those documents. The information could be out of date and no longer accurate. Freddie Mac undertakes no obligation, and disclaims any duty, to update any of the information in those documents.
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability, affordability and equity in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home. Learn More: Website | Consumers | X | LinkedIn | Facebook | Instagram | YouTube
MEDIA CONTACT: Fred Solomon
703-903-3861
Frederick_Solomon@freddiemac.com
FAQ
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