DebtX And SEBA To Sell $4.8 Billion Portfolio For HUD In June
28,000 Non-performing Residential Loans Bidding In June
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.
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,
firstname.lastname@example.org or email SFLS2014email@example.com.
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.
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
Contact: Greg Berardi, Blue Marlin Partners, 415.239.7826,
Press spacebar to pause and continue. Press esc to stop.