Federal Reserve Bank of San Francisco

Community Development

The Federal Housing Administration’s Distressed Asset Stabilization Program: An Innovative Solution for Addressing the National and Local Impacts of the Recession


February 2014

Community Development Investment Review

FHA’s Distressed Asset Stabilization Program, which builds on an existing program known as the 601 Accelerated Claims Disposition note sales program, is an innovative strategy to sell severely delinquent loans before they go into foreclosure.

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