Distressed Asset Stabilization Program Launched

11 Jun 2012

The U.S. Department of Housing and Urban Development has announced the launch of the Distressed Asset Stabilization Program, an expansion of a Federal Housing Administration pilot program that allows private investors to buy pools of mortgages headed for foreclosure and obligates them to help bringing the loans out of default.

The U.S. Department of Housing and Urban Development has announced the launch of the Distressed Asset Stabilization Program, an expansion of a Federal Housing Administration pilot program that allows private investors to buy pools of mortgages headed for foreclosure and obligates them to help bringing the loans out ...

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