Freddie Mac Sells $201M of Ocwen-Serviced NPLs

Mister, hey Mister… I would like to personally audit those loans. You know, I think there may be a story behind the delinquencies… You know like Ocwen adding unusual charges to the monthly statements without adequate information or explanations…

justiceleague00's avatarJustice League

Freddie Mac auctioned off 1,052 delinquent nonperforming loans serviced by Ocwen on May 21 as part of its Standard Pool Offerings.

The loans’ aggregate unpaid principal balance is $201 million. LSF9 Mortgage Holdings was the winning bidder.

The sale is expected to close in July, subject to the Federal Housing Finance Agency NPL sale requirements. It is Freddie’s third sale of deeply delinquent loans from its mortgage investment portfolio this year.

These loans have been delinquent for three years on average. Those auctioned were offered as a single pool of mortgage loans. Previously modified mortgages that later became delinquent comprise 29% of the aggregate pool balance.

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Banker jumps to his death from luxury apartment

Not buying suicide. Drugged and dumped maybe… But jumpers consider guard rails and traffic, don’t they?

justiceleague00's avatarJustice League

An investment banker jumped to his death from the window of his million-dollar apartment in the Financial District on Thursday, sources and authorities said.

The 29-year-old man plunged from the 24th floor of the luxury Ocean apartment building at 1 West St. at about 10:40 a.m. and landed on a guardrail near the northbound Battery Park Underpass, narrowly missing a black SUV.

The man’s body was mangled by the impact, leaving one of the vehicle’s passengers horrified, witnesses said.

“I went outside, and the woman in the car was screaming, ‘I didn’t know where he came from!’ ” said Hans Peler, 48, a manager at the building’s parking garage.

“It happened right in front of our guy who waves cars in with the flag. He was so shaken up, I told him to go home.”

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