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$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
Performing & Non-Performing Residential Loans - 8 Pools
$759 Million
Tuesday, Mar 14, 2017
Freddie Mac Non-Performing Loan Sale
$74 Million
Tuesday, Apr 11, 2017
NCUA Residential Mortgage Loan Sale
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NCUA

LOAN SALE SUMMARY - #NCUA-2017-2

$80,511,029 Residential Mortgage Loan Sale

On behalf of the National Credit Union Administration (NCUA or Seller), First Financial Network, Inc. (FFN) is pleased to present loan sale #NCUA-2017-2, which is comprised of performing and non-performing residential loans totaling $80,511,029 in current balance.

Portfolio Snapshot

  • Performance: Performing/Non-Performing
  • Loan Count: 701
  • Locations: Nationwide
  • Sale Structure: Single Round, Sealed Bid Sale

    Sale Schedule

    • Sale Announcement: 3.2.17
    • Due Diligence Begins: 3.13.17
    • Cut-Off Date: 3.31.17
    • Bid Date: 4.11.17
    • Closing Date: 4.26.17
    • Servicing Transfer: 5.24.17

    Portfolio Highlights

    The portfolio will be stratified into a limited number of pools for bidding based primarily on the servicer, performance, collateral type and location of the collateral.

    • A comprehensive data tape will be available.
    • Investors may perform preliminary due diligence online and full file review will be available on-site at the NCUA’s facilities in Austin, Texas.
    • The portfolio collateral is located nationwide, with concentrations in CA (31%); NV (24%); OH (12%) and FL (10%).
    • 89% of the loans are 1st liens.
    • 80% of the collateral is comprised of residential mortgages.
    • The WAC is 4.82%.

    To schedule an onsite due diligence appointment, please contact

    Cathey Taylor – ctaylor@ffncorp.com
    or Kate Morris – kmorris@ffncorp.com
    or by phone at 405-748-4100.


    Additional Material for Review

    NCUA2017-2 Offering Summary