A Freddie Mac offering sold through an auction process had three residential pools with over $300 million in non-performing mortgages.

Last month, the secondary lender announced it was taking whole-loan bids on more than $400 million in deeply delinquent mortgages.

The size of the resulting sale was announced Monday at 2,150 non-performing loans with a collective unpaid principal balance of $341 million.

Source: Mortgage Daily