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Home » Store » News » HUD Readies Trial Run of Accelerated Claims Disposition Project for Troubled FHA Loans

HUD Readies Trial Run of Accelerated Claims Disposition Project for Troubled FHA Loans

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The Department of Housing and Urban Development is getting ready to test a new mortgage assignment program for FHA defaults that have a very low likelihood of being resolved. Under the accelerated claim disposition demonstration, HUD will for the first time use authority approved by Congress in 1998 that allows lenders to assign defaulted FHA loans to the agency. According to a
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