WASHINGTON, Aug. 1 -- Department Of Housing And Urban Development has issued a notice called: Notice of HUD Vacant Loan Sales (HVLS 2025-2).
The notice was published in the Federal Register on Aug. 1 by Frank Cassidy, Principal Deputy Assistant Secretary for Housing.
Summary: This notice announces HUD's intention to offer approximately 1, 600 home equity conversion mortgages (HECM, or reverse mortgage loans) secured by vacant properties with a loan balance of approximately $444 million, in a competitive sale. This initiative supports HUD's continued efforts to reduce financial risk to the Mutual Mortgage Insurance Fund and promote the efficient disposition of defaulted assets. The sale will consist of due and payable Secretary-held revers...