Freddie Mac has launched an auction of $1.2 billion of nonperforming loans, while Fannie Mae has announced the two winners of its recent auction of $1.24 billion of nonperforming loans.

Freddie Mac will accept bids on its deeply delinquent loans in two segments. Bids can be submitted through Dec. 2 on five pools of geographically diversified standard pool offerings. Bids can be submitted through Dec. 16 on the second grouping, which consists of two pools of geographically concentrated extended timeline pool offerings; this offering type is targeted to participation from smaller investors, including minority- and women-owned businesses.

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