The Federal Housing Administration (FHA) in early December will seek bids on a small pool of defaulted single-family loans and plans to conduct additional auctions in April and September of next year.

The auctions feature nonperforming loans where servicers have exhausted all loss mitigation options and the borrowers are one step away from foreclosure.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.