(RECAP: In mid-May, HUD announced that some changes were coming to its Distressed Asset Stabilization Program (DASP), the program through which the Department sells deeply delinquent, non-performing loans. Now it’s the FHFA’s turn, as the Agency has announced that it will make some changes to its non-performing loan (NPL) sales programs that will bring more transparency to the process by making more data public, including information on trends at the individual pool level. Special adviser to the FHFA Eric Stein said FHFA anticipates publishing the data by the end of June. Housing analysts have contended since the sales started that the FHFA should release more data on the GSEs’ NPL sales in order to more effectively evaluate the sales to see if what changes, if any, need to be made.)

Powered by WPeMatico