Federal Government’s $1 Trillion Investment Program to Focus on ‘High-Risk Mortgages’
March 27, 2009
A federal program aimed at increasing liquidity for distressed mortgage loans and mortgage-backed securities could revive the non-prime market. The Public-Private Investment Program seeks to leverage up to $100 billion of federal aid from the Troubled Asset Relief Program to support new investment funds that would buy “legacy” loans and securities from banks and thrifts...