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Bloomberg: HUD Fails to Sell $450 Million of Non-Performing Mortgages 

Nov 14, 2013By

For the first time, the Department of Housing and Urban Development (HUD) failed to sell some of the non-performing loans it acquired following the aftermath of the housing market crash, Bloomberg reports.  HUD deemed bids on about $450 million of non-performing loans too low to accept at an October 30 auction, according to four sources […]