Freddie Mac Sells $5.3 Million in Non-Performing Loans
Freddie Mac (OTCQB: FMCC) has announced the sale of 28 deeply delinquent non-performing residential first lien loans (NPLs) to VRMTG ACQ, The transaction, valued at approximately $5.3 million, is part of Freddie Mac's Extended Timeline Pool Offering (EXPO®) and is expected to settle in June 2025.
Key details of the sale include:
- Average loan balance: $188,000
- Average delinquency: 16 months
- Geographic location: Texas
- Previously modified loans: 55% of pool balance
The sale is part of Freddie Mac's strategy to reduce less-liquid assets in its mortgage-related investments portfolio. Since 2011, the company has sold $10.4 billion of NPLs and securitized about $80.3 billion of re-performing loans through various programs.
Freddie Mac (OTCQB: FMCC) ha annunciato la vendita di 28 prestiti residenziali di primo grado non performanti in forte ritardo (NPL) a VRMTG ACQ. La transazione, del valore di circa $5,3 milioni, fa parte dell'offerta Extended Timeline Pool Offering (EXPO®) di Freddie Mac e si prevede che si concluda a giugno 2025.
I dettagli chiave della vendita includono:
- Saldo medio del prestito: $188.000
- Ritardo medio: 16 mesi
- Posizione geografica: Texas
- Prestiti precedentemente modificati: 55% del saldo del pool
La vendita è parte della strategia di Freddie Mac per ridurre gli attivi meno liquidi nel suo portafoglio di investimenti legati ai mutui. Dal 2011, l'azienda ha venduto $10,4 miliardi di NPL e ha cartolarizzato circa $80,3 miliardi di prestiti ri-performanti attraverso vari programmi.
Freddie Mac (OTCQB: FMCC) ha anunciado la venta de 28 préstamos residenciales de primer gravamen en mora profunda (NPL) a VRMTG ACQ. La transacción, valorada en aproximadamente $5.3 millones, forma parte de la oferta Extended Timeline Pool Offering (EXPO®) de Freddie Mac y se espera que se complete en junio de 2025.
Los detalles clave de la venta incluyen:
- Saldo promedio del préstamo: $188,000
- Promedio de morosidad: 16 meses
- Ubicación geográfica: Texas
- Préstamos previamente modificados: 55% del saldo del pool
La venta es parte de la estrategia de Freddie Mac para reducir activos menos líquidos en su cartera de inversiones relacionadas con hipotecas. Desde 2011, la compañía ha vendido $10.4 mil millones de NPL y ha titulado aproximadamente $80.3 mil millones de préstamos que han vuelto a funcionar a través de varios programas.
프레디 맥 (OTCQB: FMCC)는 VRMTG ACQ에 28건의 심각하게 연체된 비수익 주택 담보 대출(NPL)을 판매한다고 발표했습니다. 이 거래는 약 $5.3 million의 가치가 있으며, 프레디 맥의 연장 타임라인 풀 오퍼링(EXPO®)의 일환으로 2025년 6월에 정산될 것으로 예상됩니다.
판매의 주요 세부사항은 다음과 같습니다:
- 평균 대출 잔액: $188,000
- 평균 연체 기간: 16개월
- 지리적 위치: 텍사스
- 이전 수정된 대출: 풀 잔액의 55%
이번 판매는 프레디 맥의 모기지 관련 투자 포트폴리오에서 유동성이 낮은 자산을 줄이기 위한 전략의 일환입니다. 2011년 이후, 회사는 $10.4 billion의 NPL을 판매하고 약 $80.3 billion의 재수익 대출을 다양한 프로그램을 통해 증권화했습니다.
Freddie Mac (OTCQB: FMCC) a annoncé la vente de 28 prêts résidentiels de premier rang en difficulté (NPL) à VRMTG ACQ. La transaction, d'une valeur d'environ $5,3 millions, fait partie de l'offre Extended Timeline Pool Offering (EXPO®) de Freddie Mac et devrait se finaliser en juin 2025.
Les détails clés de la vente comprennent:
- Montant moyen du prêt: $188,000
- Retard moyen: 16 mois
- Emplacement géographique: Texas
- Prêts précédemment modifiés: 55% du solde du pool
La vente fait partie de la stratégie de Freddie Mac visant à réduire les actifs moins liquides dans son portefeuille d'investissements liés aux hypothèques. Depuis 2011, l'entreprise a vendu $10,4 milliards de NPL et a titrisé environ $80,3 milliards de prêts re-performants à travers divers programmes.
Freddie Mac (OTCQB: FMCC) hat den Verkauf von 28 stark überfälligen, nicht leistungsfähigen Wohnimmobilienkrediten (NPL) an VRMTG ACQ angekündigt. Die Transaktion, die einen Wert von etwa $5,3 Millionen hat, ist Teil des Extended Timeline Pool Offering (EXPO®) von Freddie Mac und wird voraussichtlich im Juni 2025 abgeschlossen.
Wichtige Details des Verkaufs umfassen:
- Durchschnittlicher Kreditbetrag: $188.000
- Durchschnittliche Überfälligkeit: 16 Monate
- Geografischer Standort: Texas
- Früher modifizierte Kredite: 55% des Pool-Saldos
Der Verkauf ist Teil der Strategie von Freddie Mac, weniger liquide Vermögenswerte in seinem Hypothekenanlageportfolio zu reduzieren. Seit 2011 hat das Unternehmen $10,4 Milliarden an NPL verkauft und etwa $80,3 Milliarden an wieder leistungsfähigen Krediten durch verschiedene Programme verbriefet.
- Sale of non-performing loans helps improve portfolio quality
- Cover bid price near 100% of unpaid principal balance indicates strong market demand
- Low combined loan-to-value ratio (CLTV) of 45-50% suggests risk exposure
- 55% of loans in the pool were previously modified and became delinquent again
- High average delinquency period of 16 months indicates significant collection challenges
MCLEAN, Va., April 14, 2025 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 28 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio to VRMTG ACQ, LLC. The loans, with a balance of approximately
Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure. Mortgages that were previously modified and subsequently became delinquent comprise approximately 55 percent of the aggregate pool balance. Additionally, purchasers are required to honor the terms of existing loss mitigation agreements and solicit distressed borrowers for additional assistance except in limited cases and ensure all pending loss mitigation actions are completed.
The EXPO pool and winning bidder is summarized below:
| Description | EXPO Pool #1 |
| Unpaid Principal Balance | |
| Loan Count | 28 |
| BPO-weighted* CLTV (in %) | 45 |
| UPB-weighted CLTV (in %) | 50 |
| Average Months Delinquent | 16 |
| Average Loan Balance (in | 188 |
| Geographical Distribution | Texas |
| Winning Bidder | VRMTG ACQ, LLC |
| Cover Bid Price (% of UPB) (second-highest bid price) | Around 100s Area |
*Broker Price Opinions (BPOs)
Advisors to Freddie Mac on the transaction are BofA Securities, Inc. and First Financial Network, Inc.
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
Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability 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
What is the value and size of Freddie Mac's (FMCC) latest NPL sale in April 2025?
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What percentage of FMCC's April 2025 NPL pool consists of previously modified loans?
When is the settlement date for Freddie Mac's April 2025 NPL sale?
