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Tag Archives: DebtX

Firm to Sell $2.3 Billion in Nonperforming Loans for HUD

Online marketplace exchange DebtX has announced its intention to sell 15,000 nonperforming residential loans for the U.S. Department of Housing and Urban Development (HUD) as part of the agency's Single-Family Loan Sale (SFLS) program. The unpaid principal balance of the loans amounts to about $2.3 billion. The bid is scheduled for September 30. The loans will be sold in eight national pools ranging from $94.5 million to $804.5 million.

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Sale of Delinquent Whole Loans Creating Hot Market for Investors

In recent months, institutional investors seem to prefer buying non-performing loans instead of more solvent ones, according to David LeBlanc, managing director of capital markets at DebtX. His company is the world’s largest online loan sale advisor for buyers and sellers of commercial, consumer, and specialty finance debt.

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DebtX, SEBA Sell Multi-Billion Portfolio for HUD

DebtX has partnered with SEBA Professional Services to will sell a $5 billion portfolio of non-performing residential loans for the U.S. Department of Housing and Urban Development (HUD). The loan sale consists of two parts: One part is a national offering of approximately 24,000, single family loans totaling $4 billion in unpaid principal balance (UPB), which will bid October 30 and December 10, 2013.

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Prices Hold Steady in CRE Sector

DebtX, an online marketplace for commercial real estate (CRE) debt, reported that CRE loan prices were little changed in July. According to DebtX, the estimated price of whole loans securing the commercial mortgage-backed securities (CMBS) universe fell to 90.7 percent, down from 90.8 percent in June. Loan values were 88.1 percent on July 31, 2012.

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DebtX Seals Five-Year Deal with FDIC

DebtX--a large marketplace for commercial, residential, and consumer loans--announced it has signed onto a new five-year agreement with the Federal Deposit Insurance Corporation (FDIC). The agreement allows DebtX to continue selling assets held in the agency's receiverships.

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DebtX: Prices Increase for Non-Performing, Impaired Performing Loans

Prices for non-performing and impaired performing commercial real estate (CRE) loans climbed higher in October, according to DebtX, a marketplace exchange for whole loans. The company attributed the increase to the continuing recovery in the CRE capital markets and steady demand from a broad range of investors.

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CRE Loan Prices Slip in July

After seven straight months of gains, commercial real estate (CRE) loan prices took a slight dip in July, DebtX reported Wednesday. According to a release from the company, the aggregate value of CRE loans priced by DebtX that collateralize CMBS dropped to 88.3 percent as of July 31, a small drop from 88.4 percent at the end of June. Loan values were 85.3 percent as of July 30.

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DebtX and SEBA Announce Sale for $1.7B HUD Portfolio

On behalf of SEBA Professional Services, DebtX will sell a $1.7 billion portfolio of non-performing residential loans for HUD, DebtX announced Thursday. The portfolio, SFLS 2012-3, is made up of loans collateralized by homes across the country. It will be offered in standard national pools, as well as regional pools in support of HUD's Distressed Asset Stabilization Program (DASP).

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DebtX: CRE Loans Gain in Value for 7th Consecutive Month

The aggregate value of Commercial Real Estate (CRE) loans as priced by DebtX continued to show a gain value. DebtX reported the value of CRE loans increased to 88.4 percent as of June 30 from 88.2 percent as of the end of May. A year ago in June, loan values stood higher at 84.9 percent.

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