Freddie Mac puts $1B+ of soured mortgages on the block

• Up for bid are three pools of nonperforming loans with UPB totaling more than $1B. It's Freddie Mac's (OTCQB:FMCC +2.6%) third large sale of delinquent loans, and the biggest one yet.
• "The loans involved in this transaction are deeply delinquent, including a large share that are more than two years delinquent,” says a company spokesman.