HUD Announces Single Family Loan Sales (SFLS 2016-1) Without FHA Mortgage Insurance

Summary

The U.S. Department of Housing and Urban Development (HUD) is planning to sell certain unsubsidized single-family mortgage loans through a sealed bid sale, SFLS 2016-1, without requiring Federal Housing Administration (FHA) mortgage insurance, with the first sale scheduled for November 18, 2015.