$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
Industry News

Announcing $628 Million Non-Performing Residential Loan Sale

September 3, 2023

Freddie Mac 2023-1

The Federal Home Loan Mortgage Corporation (“Freddie Mac”) is seeking bids for the sale and purchase (the “Offering”) of (i) two Standard Pool Offerings (“SPO”) of non-performing residential first lien mortgage loans (the “Mortgage Loans”) and (ii) two Extended Timeline Pool Offerings (“EXPO”) of Mortgage Loans. Freddie Mac will sell the Mortgage Loans to the auction winner(s) (each, a “Purchaser”) pursuant to the terms of an offering memorandum (“Offering Memorandum”), a mortgage loan purchase and sale agreement with each Purchaser (the “Purchase Agreement”) and the other documents described herein. Freddie Mac reserves the right to reject any or all bids in its sole discretion.

Wells Fargo Securities, LLC (“WFS”) and First Financial Network, Inc. ((“FFN”) and together with WFS, the “Advisors”) will assist in the administration and execution of the Offering.

The Mortgage Loans are currently owned by Freddie Mac and serviced by Specialized Loan Servicing LLC (“SLS”), Select Portfolio Servicing, Inc. (“SPS”), NewRez LLC, d/b/a Shellpoint Mortgage Servicing (“Shellpoint”) or Nationstar Mortgage LLC d/b/a RightPath Servicing (“RPS” and together with SLS, SPS and Shellpoint, the “Servicers,” and each a “Servicer”) and will be sold on a servicing released basis.

Minority, Women, Disabled, LGBTQ+, Veteran or Service-Disabled Veteran-Owned Businesses (MWDOBs), non-profits, and neighborhood advocacy organizations are encouraged to bid.

Each prospective bidder will be required to execute and submit to Freddie Mac: (1) a non-disclosure agreement (“NDA”) and (2) a Long Form Bidder Qualification Statement (“BQS”, which includes a Servicer Questionnaire) (together the “Pre-Access Qualification Package”). The NDA and BQS are not subject to negotiation. Forms of these documents are attached and must be submitted on or before the Pre-Access Qualification Due Date below in order to be eligible to bid on this transaction.

On or after August 30, 2023, so long as a prospective bidder’s NDA and BQS have been completed and approved, the bidder will be granted access to the DealVDR site with transaction information and form legal documents. Contact information for each individual that will require secure access to the DealVDR site is required. A separate e-mail will be sent to each individual’s e-mail address with access instructions.

Each winning Bidder (thereafter, a “Purchaser”) will be required to make an earnest money deposit in an amount (the “Deposit Amount”) equal to 10% of the Aggregate Trade Price of the pool(s) it has won. The Deposit Amount must be made to Freddie Mac by 2:00 PM (Eastern Time) on the applicable Deposit Due Date.

Pool Characteristics:


  • Pool 1 – $244 MM: Average LTV = 56, Effective WAC = 4.35, National, including Active BK
  • Pool 2 – $362 MM: Average LTV = 55, Effective WAC = 4.43, National, No active BK


  • Pool 1 – $16 MM: Average LTV = 40, Effective WAC = 4.91, New York Concentration
  • Pool 2 – $6 MM: Average LTV = 43, Effective WAC = 4.08, Florida Concentration


Additional Notes:

  • Freddie Mac reserves the right to reject any bid and the participation of any potential counterparty, at any time, in Freddie Mac’s sole discretion. Please read the Offering Memorandum for important details regarding this transaction including but not limited to bid protocol, timelines, contracts, settlement pricing, representation and warranties, and contact information.

Contact Information:

  • Qualification Forms, related questions, and user credentials for data room access once approved: fhlmcnplpaq@dealvdr.com
  • Questions and Answers (Q&A) related to the Offering: fhlmcnplqa@dealvdr.com
  • Bid documents:
  • SPO: fhlmcnplbids@dealvdr.com
  • EXPO: fhlmcnplbidsexpo@dealvdr.com

Please confirm receipt of this announcement to Wells Fargo Securities, or to First Financial Network, as well as your initial level of interest. If you have any questions or comments, please reach out to the Wells Fargo Securities or First Financial Network teams below.

WFS Mortgage Finance & Trading Contacts:

  • Tim Andrew | timothy.andrew@wellsfargo.com | (704) 410-3911
  • Chris Choka | chris.choka@wellsfargo.com | (704) 410-3911
  • Zach Grieb | zachary.grieb@wellsfargo.com | (212) 214-8713
  • Kelvin Sava | kelvin.sava@wellsfargo.com | (212) 214-2770
  • Jacob Cohen | jacob.cohen@wellsfargo.com | (704) 410-0051

FFN Contacts:

  • Merrie Duncan | mduncan@ffncorp.com | (405) 595-3399
  • Todd Pannell | tpannell@ffncorp.com | (405) 595-3320
  • Cathey Taylor | ctaylor@ffncorp.com | (405) 595-3347