Asset Sales

U.S. Department of Housing & Urban Development
451 Seventh Street, S.W.
Room 3136
Washington, D.C. 20410

Connect with HUD

Telephone: (202) 708-2625 or toll free (800) 481-9895
Fax: (202) 708-2771
Email: assetsales@hud.gov

The FHA Office of Asset Sales was established to coordinate the disposition of defaulted FHA-held single family, multifamily and healthcare mortgage notes.  Under the Debt Collection Improvement Act of 1996, credit agencies with $100 million in loan assets are expected to sell certain delinquent loans. The asset sales program provides another disposition option for defaulted FHA notes to the conveyance claim process which requires foreclosure on the borrower and the sale of the acquired property.  HUD has assembled a seasoned team of professionals with over $6 billion in whole loan and joint venture sale experience. Kathleen Malone is the Director and John Lucey is the Deputy Director of the Office of Asset Sales.

The Single Family Loan Sale initiative (“SFLS”) intends to meet the mission and financial objectives of maximizing recoveries to the mutual mortgage insurance fund, reducing claim costs, minimizing the time that assets are held and keeping homeowners in their homes.  SFLS may include the sale of loan pools in designated geographic areas that are aimed at a neighborhood stabilization outcome or “NSO Targeted” loan pools. 

The Multifamily Loan Sale program (“MFLS”) is intended to reduce claim costs, increase the availability of affordable housing, minimize holding costs for multifamily properties and maximize recoveries to the FHA insurance fund. 

The Healthcare Loan Sale program is also intended to minimize claim costs and maximize recoveries to the FHA insurance fund.

Updated as of 2/5/2013
 

 Single Family Loan Sale Update—Neighborhood Stabilization Outcome

The U.S. Department of Housing and Urban Development is preparing for its next Single Family Loan Sale, SFLS 2013-1.  Similar to the SFLS 2012-2 Sale offered in September 2012, the SFLS 2013-1 sale will be offered in two parts with a National offering bidding March 20, 2013 and a Neighborhood Stabilization Outcome Pool (“NSO”) offering bidding March 27, 2013.  The NSO pools are expected to include loans in targeted distressed areas in California, Florida, Georgia and Ohio.  Specific questions related to the Application Process can be sent to dasp@hud.gov.

Entities interested in qualifying for the National offering must complete the Confidentiality Agreement and National Qualification Statement.

Entities interested in qualifying for the NSO offering may do so by completing the Confidentiality Agreement and the Neighborhood Stabilization Outcome Qualification Statement.  The completed documents should be e-mailed to SFLS2013-1@debtx.com.  

The additional details and documentation on the SFLS 2013-1 sale will be released on an ongoing basis and will be available on this webpage.   For additional information, contact Mike Roth at 617-531-3424.

 Healthcare Loan Sale Update

The Department will be conducting a Healthcare Loan Sale on March 6, 2013.  Details may be found by clicking on the link below for “Healthcare Loan Sales.

Past Sales

The Results Reports for previous sales, as well as general program information and Frequently Asked Questions can be found on the Single Family Loan Sales, Multifamily Loan Sales and Health Care Loan Sales pages, links to which are provided below.

If you have any further questions, please call 1-800-481-9895 or email the Asset Sales Office.

General Information

Single Family Loan Sales

Multifamily Loan Sales

Healthcare Loan Sales