The U.S. Department of Housing and Urban Development (HUD) is accelerating loan sales under its expanded Distressed Asset Stabilization Program (DASP).
The program enjoys strong nonprofit community support and has attracted major investors such as the Blackstone Group and residential loan servicing firms, such as Bayview Finance and Selene Finance.
HUD’s next scheduled sale, which will take place late in the first quarter of 2013, will include 10,000-15,000 loans, and will have targeted Neighborhood Stabilization Outcome (NSO) pools in metropolitan areas in Georgia, California, Florida and Ohio.
Read more...HUD Expanding Distressed Loan Sale Program - CoStar Group
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