Treasury Begins Groundwork for New MBS Program That Could Copy Existing Programs
October 17, 2008
The Treasury Department this week asked for feedback on how to create a new government program to insure mortgages and mortgage securities – a business the government already dominates through its control of Fannie Mae, Freddie Mac and Ginnie Mae. Although Bush administration officials didn’t ask for it, a new guarantee program for troubled assets... [Includes one graph]