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Freddie Mac Partners with Residential Credit Opportunities X, LLC to Sell $13.9 Million in Non-Performing Loans

Oct 16, 2024•over 1 year ago

Contract Type

partnership

McleanFinancial ServicesFinanceLending

Description

Freddie Mac announced the sale of 57 deeply delinquent non-performing residential first lien loans (NPLs) with a balance of approximately $13.9 million to Residential Credit Opportunities X, LLC. The transactions are part of Freddie Mac’s Extended Timeline Pool Offerings (EXPO) and are expected to settle in December 2024.

Company Information

Company

Freddie Mac

Location

8200 Jones Branch Drive

Mclean, Virginia, United States

About

Freddie Mac’s mission is to make home possible for families across the nation. We promote liquidity, stability and affordability in the housing market throughout all economic cycles. Since 1970, we have helped tens of millions of families buy, rent or keep their home.

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