HUD Single Family Loan Sale 2016-1 (SFLS 2016-1)
WASHINGTON, Oct. 27, 2015 /PRNewswire-USNewswire/ -- 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.
| Neighborhood Stabilization Outcome (NSO) Pools |
| UPB Range: $13 to $95MM |
| Chicago, IL |
| New York City Metropolitan Area |
| State of Florida |
| State of Indiana |
| State of New Jersey |
| State of New York |
| State of Ohio |
| State of Pennsylvania |
| States of Alabama, Georgia, North Carolina and Tennessee |
| States of Arizona, Colorado, Idaho, New Mexico, Nevada and Utah |
| States of California, Oregon and Washington |
| States of Connecticut, Maine, New Hampshire and Rhode Island |
| States of Illinois, Iowa, Kentucky and Missouri |
| States of Michigan, Minnesota and Wisconsin |
| States of Louisiana, Texas and Oklahoma |
| Non-Profit or Unit of Local Government Only Pools |
| UPB Range: $9 to $30MM |
| Chicago, IL |
| Tampa, FL Metropolitan Area |
| State of Massachusetts |
Entities interested in participating can contact the Asset Sales Office's Single Family Transaction Specialist, Verdi Consulting, at 1-844-709-0763 or [email protected] for more information.
SOURCE Department of Housing and Urban Development
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