The U.S. Department of Housing and Urban Development (HUD) will now be accepting applications for qualified entities to purchase severely troubled loans that were formerly insured by the Federal Housing Administration (FHA) through the Distressed Asset Stabilization Program.

The program serves as an expansion of an FHA disposition program, which sells pools of defaulted mortgages that are bound to foreclose and offers the opportunity for the purchaser and borrower to avoid an expensive foreclosure.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.