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FHA Loans Grow in Popularity Even With Foreclosed Homes

 
 
 
 
 
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In FY 2008, a national subprime mortgage crisis not only threatened HUD’s goals of raising minority and low-income homeownership, but triggered a global financial crisis. The crises have led to record-level foreclosed homes and defaults, communities in decline, and an unstable housing market.

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08/03/2009

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