Nearly $300 million in re-performing and moderately delinquent single-family mortgages have been sold with a securitization to follow.

The transaction involves 1,262 Freddie Mac residential loans that have an aggregate unpaid principal balance of $292 million.

Marketing of the loans began on May 17, and an auction followed. The winning bidder for the loans was Towd Point Master Funding LLC.

Source: Mortgage Daily