Zisler Says FHA Backing Luxury Mortgages `Raises Issues'

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Aug. 13 (Bloomberg) -- Randall Zisler, chief executive officer of Zisler Capital Associates LLC, talks with Bloomberg's Julie Hyman about the implications of the Federal Housing Administration insuring mortgages for luxury apartments. The FHA, created in 1934 to make homeownership attainable for low- to moderate-income Americans, is providing a lifeline to new Manhattan luxury condominiums after sales stalled. (Source: Bloomberg)

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