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  • HUD Launches New Program to Sell Troubled FHA Mortgages
    The Department of Housing and Urban Development is launching a new effort to dispose of severely distressed federally-insured mortgages and avoid costly foreclosures.  An expansion of an FHA disposition program that sells pools of defaulted mortgages facing foreclosure, the Distressed Asset Stabilization Program, announced Wednesday, will offer buyers the opportunity to purchase loan pools comprising […]
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