News Sources wrote an interesting post today on
Here’s a quick excerpt
The US Treasury Department may initiate its program in order to encourage purchases of mortgage-backed securities from banks with about $20 billion in public and private money. This has been down as much as $100 billion from what it was announced in March, it was said by two people who were familiar with the matter. The treasury has planned to provide $1.1 billion in capital to eight to 10 money managers which it will pick for the Public-Private Investment Program, according to the people,

Read the rest of this great post here

This entry was posted on Friday, July 3rd, 2009 at 6:10 pm and is filed under Mortgage Loan News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.