PHILADELPHIA - The Department of Housing and Urban Development gave details of its planned sale of mortgage insurance premium rights to lenders gathered here for a recent servicing conference.

The presentation was led by Robert Horner of R.D. Horner & Associates, Chicago, one of three consulting firms advising HUD on the sale of $240 million a year worth of premium rights. Ann Baird-Bridges, acting director of the single-family insurance operations division at HUD, also answered questions at last week's conference.

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