Velocity Financial Inc. has agreed to sell $133.2 million in unpaid principal balance of non-performing loans at a premium to their current book value. As part of the transaction, Velocity will also manage these loans for the buyer under a new third-party servicing agreement, creating a fee-based revenue stream. The deal is expected to close before the end of the year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Velocity Financial Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251216115684) on December 16, 2025, and is solely responsible for the information contained therein.