Freddie Mac Sells $428 Million in Non-Performing Loans
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MCLEAN, Va., Oct. 08, 2026 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today announced it sold via auction 1,968 deeply delinquent non-performing residential first lien loans (NPLs) from its mortgage-related investments portfolio. The loans, with a balance of approximately $428 million, are currently serviced by Select Portfolio Servicing Inc., NewRez LLC, d/b/a Shellpoint Mortgage Servicing, Selene Finance LP, and Rocket Mortgage, LLC d/b/a Rushmore Servicing. The transaction is expected to settle in December 2026. The sale is part of Freddie Mac's Standard Pool Offerings (SPO ® ). Freddie Mac, through its advisors, began marketing the transaction on September 16, 2026, to potential bidders active in the NPL market. Bids for the upcoming Extended Timeline Pool Offering (EXPO ® ), which is a smaller sized pool of loans, are due from qualified bidders by October 23, 2026. The loans in the SPO ® offerings were offered as four pools of mortgage loans. The pools consist of mortgage loans secured by geographically diverse properties. Given the delinquency status of the loans, the borrowers have likely been evaluated previously for loss mitigation, including modification or other alternatives to foreclosure, or are in foreclosure. Mortgages that were previously modified and subsequently became delinquent comprise approximately 51 percent of the aggregate pool balance...
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