The recent announcement of the impending sale of $700 million of single-family loans from the FHA assignment portfolio presents real opportunities for those with mortgage expertise to develop a new line of business. This is the second of six sales through which the Department of Housing and Urban Development will offer about $4 billion of single-family loans over the next two years.

The first of these sales, on Oct. 25, 1995, was overlooked by traditional mortgage players, who viewed it as a one-time transaction rather than as a new line of business that can provide an ongoing stream of profits.

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