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Loans brokered by nonprofits contributed to housing crisis

A review of government and court records by the Huffington Post Investigation Fund shows that two nonprofit groups worked closely with some of the nation's biggest home builders to broker tens of billions of dollars in no-money-down mortgages. Now these loans are defaulting at up to three times the rate of other FHA loans, one reason the housing agency’s insurance fund is about to drop below its required capital level for the first time since it was created during the Great Depression.

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