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Posted inInequality

11 things we learned investigating how the government sells mortgages to investors

1. Over 98,000 “bad” mortgages have been sold to investors through a government program since 2010. 2. The Department of Housing and Urban Development (HUD) sells mortgages to investors at a steep discount — at times as little as 41 percent of the mortgages’ collective value. 3. Homeowners typically aren’t informed when their mortgages are […]