In early February, we wrote about the $410 million of delinquent mortgage loans auctioned off by Freddie Mac. Well now Freddie Mac is at it again, this time selling $1 billion in delinquent loans. Similar to the previously auctioned loans, the delinquent loans are divided into three pools.
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Tag Archives: Freddie Mac
Freddie Mac: Net Income of $7.7 Billion Reported for 2014
Today, Freddie Mac announced its net income for 2014 which amounted to $7.7 billion, down $41 billion from the financial results of 2013.
Freddie Mac Auctioning $410 Million of Delinquent Inventory
In a move to reduce illiquid assets, Freddie Mac is auctioning $410 million of delinquent mortgage loans. The Government-Sponsored Enterprise (GSE) recently concluded the offer period for the major sale. This latest auction of Freddie Mac’s inventory marks the second time the GSE has held a major auction to clean its portfolio.