US Plan Takes On Toxic Assets

Collins, Brian
March 2009
National Mortgage News;3/30/2009, Vol. 33 Issue 26, p1
Trade Publication
The article reports on a plan of U.S. President Barack Obama's administration to give financial institutions an option to unload bad mortgage assets at prices determined by private investors with government backing. It is noted that the investors who are willing to partner with the federal government will receive low-cost financing to acquire almost $1 trillion in real estate loans and mortgage-backed securities. A 50% of the capital for the investment funds was put by the government.


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