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Real Estate & Property Law

: Housing Wire

Treasury, FDIC Near Plan to Guarantee Distressed Mortgages

By DIANA GOLOBAY

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The U.S. Treasury Department and Federal Deposit Insurance Corp. are nearing an agreement on a plan that may guarantee as many as three million distressed mortgages, according to a report Thursday by the Washington Post. The plan, which would cost from $40 billion to $50 billion and use funds from the Treasury’s TARP program, would [...]

Full post as published by Housing Wire on October 30, 2008 (boomark / email).

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