Government-backed mortgage company Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.
January 26, 2015 at 08:00 AM
1 minute read
Government-backed mortgage company Freddie Mac is selling $410 million of deeply delinquent U.S. home loans in its second sale of the debt.
Buyers are bidding on three pools of loans, with unpaid principal balances of $160 million, $141 million and $109 million, respectively, according to loan broker Mission Capital Advisors. Offers on the debt are due Feb. 4.
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