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Moody's Studies Growth of Non-Performing and Reperforming FHA and VA Loan Securitizations

By Warren Kornfeld, Vice President-Senior Analyst, Moody's Investors Service

The market for non-performing and reperforming Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) residential mortgage loans had historically been a niche segment. However, in 2002, Moody's estimates that approximately $20 billion of FHA/VA reperforming and non-performing securitizations...

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