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


Carol Galante, Federal Housing Administration

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Volume 9, Issue 2 | February 10, 2014

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.