WASHINGTON - Salomon Brothers Realty Corp. has purchased 8,053 FHA single-family loans, generating a record $467 million of gross proceeds for the Department of Housing and Urban Development.

The sale received strong interest from private-sector bidders, HUD Assistant Secretary William Apgar said last Friday. FHA mortgage sales have raised over $2.25 billion since 1994, according to HUD, which uses the loans to fund its housing initiatives.

"We couldn't be more pleased with this sale," Mr. Apgar said.

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