DebtX And SEBA To Sell $4.8 Billion Portfolio For HUD In June 28,000 Non-performing Residential Loans Bidding In June PR Newswire WASHINGTON, May 21, 2014 WASHINGTON, May 21, 2014 /PRNewswire/ --DebtX, on behalf of SEBA Professional Services, will sell a $4.8 billion portfolio of non-performing residential loans for the U.S. Department of Housing and Urban Development (HUD) in June. DebtX Logo. The HUD SFLS 2014-2 loan sale consists of two parts. A national offering of approximately 23,200 loans totaling $4 billion in Unpaid Principal Balance (UPB) will be offered in 16 pools, ranging from $93 million to $1 billion. The loans are collateralized by properties across the U.S., with one pool concentrated in the Southwest. The national offering will bid June 11. A Neighborhood Stabilization Outcomes Pool (NSO) offering of approximately 4,800 loans totaling $800 million in UPB will bid June 25, 2014. The eight NSO regions are Philadelphia, Miami, Chicago, Detroit, San Antonio, Atlanta, San Bernardino County (CA) and Cumberland County (NJ). Investors can place bids for both offerings at www.debtx.com, the largest marketplace for loans. "We are pleased to support HUD on its fifth, multi-billion dollar sale of single family loans inthe past 18 months," said Erhiuvie Abu, President and CEO, SEBA Professional Services, LLC. Since September 2012, SEBA and DebtX have offered for HUD more than 72,000 non-performing, single family loans. "HUD has taken a clear leadership position in the market, systematically managing its risk through the sale of $17 billion of non-performing single family loans sincelate2012," said DebtX CEO Kingsley Greenland. "Once again, we expect strong investor interest and bidding as we reach the 100,000-loan milestone with HUD." Investors can download qualification materials at www.debtx.com. For additional information, please contact Mike Roth, 617.531.3424, email@example.com or email SFLS2014firstname.lastname@example.org. About SEBA SEBA Professional Services is an 8(a) certified, woman-owned, small disadvantaged business providing management consulting, financial advisory and information technology solutions services. SEBA's range of services includes portfolio management, risk assessments, internal control reviews in accordance with Office of Management and Budget (OMB) guidelines and the Federal Managers' Financial Integrity Act (FMFIA), information assurance, and training. SEBA's offices are located in Washington, DC. For more information, call +1 202.552.7356 or visit www.sebapro.com. About DebtX DebtX operates the world's most liquid marketplace for loans. Through its loan sale advisory and valuation and analytics services, DebtX maximizes loan sale proceeds for financial institutions and government agencies. For syndication, agency, and loan sale professionals, DebtX provides a suite of web-based deal management solutions. DebtX is based in Boston, with offices across the U.S. and Europe. Call +1.617.531.3400 or visit www.debtx.com. Follow DebtX on Facebook, Twitter and LinkedIn. Available Topic Expert(s): For information on the listed expert(s), click appropriate link. Kingsley Greenland http://www.profnetconnect.com/kingsley_greenland Logo- http://photos.prnewswire.com/prnh/20130725/SF52856LOGO SOURCE DebtX Website: http://www.debtx.com Contact: Greg Berardi, Blue Marlin Partners, 415.239.7826, email@example.com
DebtX And SEBA To Sell $4.8 Billion Portfolio For HUD In June
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