DebtX, on behalf of SEBA Professional Services LLC, will sell a $4.8 billion portfolio of non-performing residential loans in June for the U.S. Department of Housing and Urban Development.

The loan sale includes a national offering of approximately 23,200 loans totaling $4 billion in unpaid principal balance that will be offered in 16 pools, ranging from $93 million to $1 billion. The loans are collateralized by properties across the U.S., with one pool concentrated in the Southwest. The national offering will bid June 11.

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