FHA will sell more delinquent home loans in 2013

12/5/2012 | Wall Street Journal, The

The Federal Housing Administration plans to continue its strategy of selling delinquent home loans to investors in the coming year. The sales are meant to help stabilize FHA finances and open the door to more aggressive modifications than the federal agency could offer, officials say. This fall, the FHA sold more than 9,400 delinquent home loans to investors and nonprofits, and it plans to sell 40,000 more in 2013.

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