WASHINGTON, DC—Freddie Mac has just sold 1,611 non-performing loans via auction that are expected to settle in December 2015, while Fannie Mae has just announced it is marketing three pools of such loans loans totaling $1.2 billion in unpaid principal balance.

The winning bidders for the latest Freddie Mac NPL sale were Pretium Mortgage Credit Partners and Bayview Acquisitions LLC. Freddie Mac doesn't provide the final winning bid but does make publicly available the cover bid price, or second highest bid price, which in this case was in the low $80s for the pool that Pretium acquired and the low $50s for the pool that Bayview acquired.

The GSE first announced this sale in September, its seventh such transaction for the year. It was a $327 million Standard Pool Offering (one of the two pool forms offered by Freddie Mac, the other being an Extended Timeline Pool Offering) serviced by JP Morgan Chase Bank that was marketed as two geographically diversified pools.

According to the broker price opinion, the aggregate pool had a loan-to-value of approximately 91. Pool #1 was comprised of loans with CLTV up to110. Loans in Pool #2 had CLTV over 110.

Additional details about their final disposition that Freddie Mac has made available can be found here.

Separately, Fannie Mae has announced its next sale of non-performing loans. It consists of three pools of approximately seven thousand loans totaling $1.2 billion in UPB. Pool No. 1 is approximately $419 million in UPB; Pool No. 2 is approximately $590 million in UPB; Pool No. 3 is approximately $235 million in UPB.

It is the GSEs' third sale of non-performing loans.

Fannie Mae began marketing its first bulk-sale of non-performing loans in April. The winning bidders of that transaction were SW Sponsor LLC (a hedge fund, according to SEC filings) and a Neuberger Berman Fixed Income Funds affiliate. Lone Star was the winning bidder of the second NPL sale, which Fannie Mae launched in July of this year.