SEBA Professional Services, LLC

DebtX, on behalf of SEBA Professional Services, will sell a $1.7 billion portfolio of non-performing residential loans for the U.S. Department of Housing and Urban Development (HUD).

The HUD portfolio, SFLS 2012-3, consists of loans collateralized by homes across the United States. The portfolio will be offered in standard national pools, as well as regional pools in support of HUD's Distressed Asset Stabilization Program (DASP). The DASP pools will include loans collateralized by homes in Chicago, Newark, Phoenix and Tampa.

"SEBA is pleased to support HUD's goal of stabilizing distressed communities and avoiding the unnecessary foreclosures of homes," said Erhiuvie Abu, President and CEO, SEBA Professional Services, LLC.

"We anticipate a highly successful sale due to the ongoing interest in the Distressed Asset Stabilization Program."

Sealed bids will be accepted at www.debtx.com from 11 a.m. to 1 p.m. Eastern on Wednesday, Sept. 12, 2012. Due diligence materials are now available to qualified investors at www.debtx.com.

"DebtX has seen tremendous investor interest in this HUD loan sale," said DebtX CEO Kingsley Greenland. "There is pent-up demand in the investor community to acquire assets in bulk, and this transaction represents the best opportunity in the past few years to bid and win."

Interested investors can download qualification materials at www.debtx.com. For additional information please contact Mike Roth, 617.531.3424, mroth@debtx.com, or Kevin Twomey at 617.531.3425, ktwomey@debtx.com or email SFLS2012-3@debtx.com.

SEBA Professional Services is an 8(a) certified, woman-owned, small disadvantaged business providing management consulting, financial advisory and information technology solutions services. SEBA\’s range of services includes portfolio management, risk assessments, internal control reviews in accordance with Office of Management and Budget (OMB) guidelines and the Federal Managers\’ Financial Integrity Act (FMFIA), information assurance, and training. SEBA’s structured and disciplined approach to delivering services has led to the successful implementation of processes and systems that deliver value to its clients. In addition, SEBA has partnered with leaders in industry and Government to continue to develop a robust set of competencies that include program and project management and information technology support services for Federal clients. SEBA\’s offices are located in Washington, DC. For more information, call +1 703.856.2078 or visit www.sebapro.com.

DebtX is the world's premier, full-service loan sale advisor for commercial, consumer and specialty finance debt. DebtX operates the largest online marketplace for loan sales, serving commercial banks, investment banks, insurance companies, and government clients. DebtX’s innovative deal management platform and loan sale process maximize proceeds and have been assessed and approved by many of the world’s most sophisticated financial institutions for functionality, security and privacy. DebtX provides valuation and analytics services, including objective mark-to-market loan valuations using unique pricing models that incorporate data from hundreds of thousands of loans. DebtX provides web-based deal management platforms for syndication, agency, and loan sale professionals. DebtX is based in Boston, with U.S. offices in San Francisco, Atlanta, McLean (VA), and New York and European offices in the United Kingdom, Spain and Germany. For information, call +1.617.531.3400 or visit www.debtx.com.