In 2001, the U.S. Department of Housing and Urban Development (HUD) established The Office of Asset Sales (OAS) under its Federal Housing Administration (FHA) program to coordinate sales of single-family, healthcare, and multifamily mortgage notes. Over the past two decades, the FHA has assembled a seasoned team of professionals and industry experts to execute those sales in support of HUD’s mission, while reducing losses for FHA’s insurance funds.
Since 2014, Guidehouse has supported OAS in the sale of more than $7 billion in mortgages, including four forward sales and 11 Secretary-held reverse mortgage sales. Our team has developed relationships with stakeholders throughout the mortgage industry and assisted with many aspects of the asset-sales cycle, including closing transactions, conducting post-closing tasks to transfer assets to winning bidders, and performing other tasks related to the loan sales program.
To achieve its mission of promoting home ownership, maintaining affordable housing, preserving communities, and increasing participation in HUD-held multifamily and healthcare mortgage notes by nonprofits and governmental entities, OAS turned to its Transaction Specialist Team (with Guidehouse as a subcontractor to Falcon Capital Advisors) to help streamline its asset sales transaction cycle.
To enhance the asset sales transaction cycle for optimal efficiency and success, the Guidehouse team:
Impact
By building important industry relationships in the non-performing loan space and developing new strategies to streamline the asset sales transaction cycle, Guidehouse has helped increase the level of interest and capital deployed—delivering significant value-added services to the disposition of FHA-insured loans and meeting HUD’s mission-driven goals of expanding affordable housing.
Guidehouse is a global consultancy providing advisory, digital, and managed services to the commercial and public sectors. Purpose-built to serve the national security, financial services, healthcare, energy, and infrastructure industries, the firm collaborates with leaders to outwit complexity and achieve transformational changes that meaningfully shape the future.