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12 FREDDIE MAC'S $363M NPL AUCTION Freddie Mac recently announced an approximate $363 million non-performing loan (NPL) transaction, an auction of seasoned non- performing residential first lien whole loans held in Freddie Mac's mortgage-related investments portfolio. e NPLs are being marketed via four pools: three Standard Pool Offerings (SPO) and one Extended Timeline Pool Offering (ETPO), which the GSE notes targets participation by smaller investors, including non-profits and Minority, Women, Disabled, LGBT, Veteran or Service-Disabled Veteran-Owned Businesses. SPO pools are generally large, geographically diverse pools, although they may be geographically concentrated. ETPO pools are generally smaller in size, and may or may not be geographically concentrated. e marketing period will be approximately two weeks longer than the typical marketing period for SPOs. While the bids for its SPO pools came in by May 7, Freddie Mac closed the bids for its SPO pools on May 21, 2019. e sales are expected to settle in July 2019. Potential bidders must be approved by Freddie Mac and must successfully complete a qualification package to access the secure data room containing information about the NPLs and to bid on the NPL pool(s). e bids are to be made on an all-or-none basis for any pool separately or for any combination of SPO pools together. e winning bidder will be determined on the basis of the economics of the bids, subject to meeting Freddie Mac's internal reserve levels, at Freddie Mac's sole discretion. In order to qualify for access to the secure data room containing information about the NPLs, potential bidders must possess a signed Non-Disclosure Agreement, proof of adequate funds, a complete Servicer Due Diligence Questionnaire, and an attestation that the bidder is is not currently disbarred or suspended from doing business by any federal, state or local government agency, and that bidder has adequate experience managing a portfolio of single-family mortgage loans or securities. Bank of America, Merrill Lynch, and First Financial Network, Inc., a woman-owned business, served as Freddie Mac's advisors on the transaction. ON THE WEB WEBSITES TO GET TO KNOW. Coding is becoming more and more relevant in the workplace, from building websites to managing data. Code Academy offers coding classes in 12 different programming languages, including Python, Java, JavaScript, Ruby, SQL, C++, and Sass, as well as markup languages HTML and CSS. Code Academy also features a premium option with access to live help from advisors as well as a personalized learning plan, quizzes, and realistic projects. Code Academy's classes feature everything from website and application building to data visualization, offering options for learners of all experience levels. Need some isolation to get work done? Coffitivty transports you to a virtual coffee shop experience without leaving your home or your office, all thanks to a catalog of ambient sounds. Coffitivity recreates the ambiance of a cafe to boost your creativity and help you work better, and it's available both on your desktop or via an iOS app. Coffitivy's free service features three basic ambient sounds: Morning Murmur, Lunchtime Lounge, and University Undertones. Premium users gain access to three additional sounds: Paris Paradise, Brazil Bistro, and Texas Teahouse. As Coffitivity notes, according to a peer-reviewed study out of the University of Chicago, "A moderate level of ambient noise is conducive to creative cognition." Join 300 million users and learn one of several languages for free with Duolingo. Duolingo's platform allows you to learn at your own pace, in as little as five minutes a day. Whether you're a new learner or more advanced, Duolingo can get you up to speed. Duolingo features 85 different language courses in 24 languages, all for free, with a premium option to remove advertising. Learn anywhere with Duolingo's mobile app, available on iOS and Android, featuring reminders to keep you learning. On top of the 24 languages available for English speakers, Duolingo also features availability for speakers of languages other than English, with all available languages offering at least English as a course. COFFITIVITY.COM 2 CODEACADEMY.COM 1 DUOLINGO.COM 3