Is the FHA Distressed Asset Stabilization Program Meeting Its Goals?

SOURCE: Mortgage News Feed

In the summer of 2012, the Federal Housing Administration, or FHA, announced it was launching a new program to auction off pools of delinquent mortgages that had not yet gone through foreclosure but for which foreclosure was inevitable. According to FHA, selling these loans prior to foreclosure would save the agency money and provide a better financial outcome for taxpayers.

To read the entire article, please visit:
https://www.americanprogress.org/issues/housing/report/2014/09/05/96531/is-the-fha-distressed-asset-stabilization-program-meeting-its-goals/


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