"We delayed the sale in response to increasing investor interestand their need for more time for due diligence review," says HUDspokesman Lemar C. Wooley. "We believe that will result in a betterreturn to the taxpayer. Also, this will not change our closingschedule--we did not intend to close the transactions this calendaryear, and we are still on target to close them mid-January, asplanned."
FHA, which is part of HUD, has a wide variety of insuranceprograms for single family, multifamily and health care facilitymortgages. Last year, it insured a record 1.3 million mortgagesworth $125 billion.
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