Freddie Mac Auctioning Non-Performing Loans; Small Investors Invited To Bid

     Freddie Mac will auction $233 million of “geographically diverse, deeply delinquent”non-performing loans.

     The new program, called Extended Timeline Pool Offering, or EXPO, will target smaller investors by making smaller pools of non-performing loans available.

To participate, all potential bidders are required to be approved by Freddie Mac.  Bids for the pool are due from qualified bidders on May 20, 2015, and Freddie said the sale is expected to settle in July 2015.

For details go to http://tinyurl.com/old8qyh