FHA Announces Most Significant Improvements to Date for Distressed Notes Sales Program

WASHINGTON - The U.S. Department of Housing and Urban Development (HUD) announced today that it is making a series of enhancements to the Department's Distressed Asset Stabilization Program (DASP) that would have purchasers of severely delinquent mortgages offer qualified borrowers principal reductions and protection from "payment shock."...(read more)

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