Bids are currently being accepted on more than $400 million in non-performing government-sponsored enterprise home loans.
The offering includes four pools of Freddie Mac single-family mortgages that have an aggregate unpaid principal balance of $420 million.
The seasoned loans are being auctioned on a whole-loan basis. All of the loans are currently being serviced by Shellpoint Mortgage Servicing.
Source: Mortgage Daily
