WASHINGTON -- The Department of Housing and Urban Development on Oct. 20 will hold the third in a series of auctions of federally insured 40-year loans under its Section 221 multifamily housing program.

The department will accept telephone bids for 77 mortgages with a combined unpaid principal balance of $50.6 million, said Russell T. Davis, managing director of the Hamilton Securities Group Inc., financial adviser to the department for the auctions.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.