HUD Accepting Applications to Purchase Troubled Mortgages

Orrick - Finance 20/20
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On July 13, HUD announced that applications may be submitted for the Distressed Asset Stabilization Program to purchase pools of severely distressed loans formerly insured by the FHA. Approximately 3,500 loans will be sold in four metropolitan areas: Chicago, IL; Newark, NJ; Phoenix, AZ; and Tampa, FL. HUD Release.

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Orrick - Finance 20/20
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