HUD Announces Sale of Vacant Loan Portfolio: 'HVLS 2027-1'
The U.S. Department of Housing and Urban Development (HUD) has announced the upcoming sale of approximately 4,200 vacant residential mortgage loans with a total balance of about $1.3 billion under the HUD-Held Vacant Loan Sale 'HVLS 2027-1'. The sale is scheduled for October 27, 2026 and includes first-lien Home Equity Conversion Mortgages (HECMs) secured by properties where all borrowers are deceased. The loan portfolio must comply with Executive Order 14376 and the 'Home-Ownership for Main Street America' provisions of the ROAD to Housing Act. Bidders can begin qualifying on September 15, 2026, while access to a data room is expected by mid-September. HUD aims to transfer these vacant properties through this sale process, ensuring alignment with recent regulatory frameworks designed to support homebuyers and limit Wall Street competition.
Topics: Home Equity Conversion Mortgages (HECMs) HUD loan sales regulatory compliance