PRELIMINARY ANNOUNCEMENT

February 20, 2018

Federal Deposit Insurance Corporation (“FDIC”),
solely in its capacity as Receiver for IndyMac Federal Bank, FSB,
on behalf of itself and
Financial Freedom Senior Funding Corporation,
a wholly-owned subsidiary of IndyMac Federal Bank, FSB
Reverse Mortgage Loans (the “Loans”)

Approximately $422 million UPB as of 1/31/18

Sealed Bid Auction

Tentative Timeline – Subject to Change

Bidder Qualification Materials Due: No later than March 5, 2018
Listen Only Conference Call: March 8, 2018
Bidder Due Diligence Opens: On or about March 12, 2018
Cut-Off Date: April 30, 2018
Bid Date: May 8, 2018
Bid Award: On or about May 10, 2018
10% Winning Bid Deposit Due: May 11, 2018
Closing Date: On or about May 24, 2018

For additional information please contact:

Kevin P Doyle, Managing Director 
IMAC Advisory Services, LLC
855-485-6000
kdoyle@incenterms.com
3027 Townsgate Road, Suite 230
Westlake Village, CA 91361

Anne Akers, Managing Partner
Ferncliff Investments, LLC
(973) 960-5271
aakers@ferncliffinvestments.com
33 Wood Ave South, Suite 600
Iselin, NJ 08830

Ferncliff Investments, LLC., a Woman Owned Small Business, is led by and staffed by seasoned investment management and banking professionals with extensive experience in the valuation, risk management, financing, and securitization of mortgage related assets. Ferncliff is uniquely qualified to value and manage the acquisition or sale process for these types of assets, as its management was active for over 20 years as a principal investor through the investment portfolio activities of previous employers.

Ferncliff’s principal investing expertise is further strengthened by several decades of valuation consulting, structuring and sales assignments for private and public sector clients ranging from federal agencies to commercial banks and insurance companies spanning a wide range of asset types. The Ferncliff acquisition and advisory group has valued over $200 billion of loan assets and sold billions in loan assets since 1989. The team’s market coverage and experience can provide clients with information in determining the value for the loan portfolios of all asset classes and provide for a thorough understanding of the local market and asset specific characteristics that impact performance.

GSA Schedule Contract # GS-23F-0034Y

 

Women-Owned Small Business (WOSB)

 

DUNS # 831901637

 

Active in SAM

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