Freddie Mac just announced it began marketing a non-performing loan sale with about $400 million in Unpaid Principal Balance. The loans are being sold via five pools, four standard pool offerings and one extended timeline pool designed for smaller investors and non-profits.
The definition of smaller investor is relative, for example the smaller expo pool is in excess of $20 million in UPB. Over the past few months, a portion of our audience made up of the smaller investor have asked how they can participate in the growing non-performing mortgage loan asset class. As a result, we are putting on a series of podcast to educate our listeners on how they can participate.
Joining the podcast today is Kevin Shortle, a seasoned investors with over 25 years of experience in the real estate and mortgage space. Kevin is also the author of the book “Real Estate Without Renters” and trains note investors nationwide.