HUD Sells $352M in Loans for Empty Homes of the Dead
Published Date: 11/6/2025
Notice
Summary
HUD is selling about 1,165 reverse mortgage loans tied to empty homes, totaling around $352 million, on December 9, 2025. This sale helps HUD manage risks and clear out properties where the borrowers have passed away with no surviving spouse. Interested buyers must sign up by early November and submit bids before 1 p.m. EST on sale day.
Analyzed Economic Effects
5 provisions identified: 2 benefits, 3 costs, 0 mixed.
HUD selling 1,165 reverse mortgages
HUD will offer about 1,165 Home Equity Conversion Mortgages (reverse mortgage loans) with a loan balance of about $352 million in a competitive sale on December 9, 2025. The Bidder's Information Package (BIP) is available on or about November 3, 2025 and HUD anticipates awarding successful bids on or about December 12, 2025.
Loans sold without FHA insurance
The reverse mortgage loans will be sold without FHA insurance and with servicing released, meaning buyers acquire the loans without FHA insurance protections and will receive servicing responsibilities transferred. If successful, bidders must post a deposit based on their potential award; that deposit will be applied to the sale price at settlement.
Who cannot bid on the sale
Certain individuals and entities are ineligible to bid unless exceptions apply, including those debarred or suspended from doing business with HUD or other government agencies, entities whose Ginnie Mae issuer rights were terminated, HUD employees and many of their household members, contractors who performed services for the sale, and entities that serviced or held a loan during the six months before the bid. Entities that knowingly acquired material non-public information about the loans are also ineligible.
Reduced paperwork for nonprofits and governments
For HVLS 2026-1, nonprofit and governmental entities will no longer need to submit the additional HUD-9612 addendum; they must only certify eligibility under the Qualification Statement (HUD-9611). Prospective bidders must still submit a Confidentiality Agreement and the Qualification Statement acceptable to HUD to receive the BIP.
Bidder information may be disclosed after closing
HUD may disclose the identity of any successful qualified bidder and its bid price or bid percentage for any pool or individual loan upon the closing of the sale, and will otherwise disclose information as required by the Freedom of Information Act. Bidders should expect possible public disclosure of their winning bid details after settlement.
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