Velocity Financial, Inc. Announces Nonperforming Loan Sale and New Servicing Partnership [Yahoo! Finance]
Velocity Financial, Inc. (VEL)
Company Research
Source: Yahoo! Finance
real estate loans, announces an agreement to sell $133.2 million in UPB of non-performing loans at a significant premium to the current mark on our balance sheet. In connection with this transaction, the company is entering its first-ever "Third Party Servicing" mandate to manage those same loans for the buyer, creating a durable, capital-light, fee-based revenue stream. "This opportunistic transaction reflects our continued efforts to optimize our earning asset base to benefit stakeholders across our capital structure," said Jeff Taylor, EVP of Capital Markets. "Our new servicing partnership enables us to maximize profitability and releases capital to drive continued portfolio growth and enhanced return on equity. This transaction further reflects the market's appreciation for our outstanding origination and asset management capabilities and the inherent value of the assets we create across our platform." The transaction is expected to close prior to year-end. About Velocity
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VEL
News
- Velocity Financial, Inc. Announces Nonperforming Loan Sale and New Servicing PartnershipBusiness Wire
- Velocity Financial, Inc. Reports Third Quarter 2025 Results [Yahoo! Finance]Yahoo! Finance
- Velocity Financial, Inc. Reports Third Quarter 2025 ResultsBusiness Wire
- Velocity Financial, Inc. Announces Date of Third Quarter 2025 Financial Results Webcast and Conference CallBusiness Wire
VEL
Earnings
- 3/6/25 - Beat
VEL
Sec Filings
- 12/16/25 - Form 4
- 12/16/25 - Form 144
- 12/16/25 - Form 8-K
- VEL's page on the SEC website