HUD · hud-fha · Published 1995-08-31 · 60 FR 45331
Document
Document number
95-21449
Federal Register citation
60 FR 45331
CFR reference
24 CFR 291
Type
Rule
Action
Interim rule.
Category
hud-fha
Agency
US Department of Housing and Urban Development
Publication date
1995-08-31
Docket
Docket No. FR-3814-I-01
Abstract
This interim rule sets forth HUD's policies and procedures for the sale of HUD-held single family mortgages. HUD intends to sell a large portion of its single family mortgages, including both performing and nonperforming mortgages, without recourse and without FHA insurance. HUD intends to sell these mortgages to reduce losses to the FHA fund, decrease its inventory of single family mortgages, and improve the servicing of these mortgages.