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Archive for the ‘Industry News’ Category

Since its inception in 2010, the Hardest Hit Fund (HHF) program has undergone numerous amendments. State Housing Finance Agencies (HFA’s) in Georgia and New Jersey have made 9 modifications to their program while California has made 20. These modifications, which require Treasury approval, are made to address the current needs ... Read More
Eddie has been named “Alternative-Asset Investor of the Year” from Think Realty Awards of Distinction Some awards you win, and some you earn. We’d like to think Eddie has earned this award by decades of hard work to reshape the mortgage note industry. His contributions have long been recognized by people ... Read More
Fannie Mae and Freddie Mac started off selling non-performing mortgages at a rapid pace this year. In the first 2 months of the year over $2 Billion UPB were sold. Sale announcements in May and June indicate that another $1.3 Billion will be sold over the summer. These sales put ... Read More
The Department of Housing and Urban Development (HUD) announced a long anticipated NPL note sale today. The sale, scheduled for mid-November, will comprise of approximately $1.3 Billion in non-performing loans. The loans are located throughout 15 states. This sale, along with this year’s previous sales, will put the NPL sales ... Read More

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