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.

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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.

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