Relevant:
- HUD to Sell $1.7 Billion of FHA Delinquent Loans - American Banker Article
- FDIC May Let Banks Share Profit From Distressed Loans They Sell
- Housing Scorecard Shows HAMP Modified Loans Saving Borrowers an Average of $525 Monthly (etc.)
- FHA To Start Insuring Hospital Refinance Loans
- IRS Outlines Tax Consequences for Financially Distressed Homeowners
2013-05-06 — reversemortgagedaily.com
``The Department of Housing and Urban Development will sell 20,000 distressed loans this summer through its Distressed Asset Stabilization Program in an effort to help shore up the Federal Housing Administration insurance fund.'' -- Anyone want some garbage loans with downpayment fraud on them? Cheap!
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