TITLE

NPL Auction Market Going Nowhere Fast

AUTHOR(S)
Muolo, Paul
PUB. DATE
November 2009
SOURCE
National Mortgage News;11/9/2009, Vol. 34 Issue 8, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the suggestion of former-Treasury Secretary Henry Paulson for the legislators to pass the 700 billion dollar bailout bill for delinquent mortgages in the U.S. It cites the passage of the 400 billion dollar bailout for banks and automobile industry. However, despite banks' returns and profitability through the bailout, the author states that they are still locked in delinquent loans and the private sector is making no progress in the situation.
ACCESSION #
45614932

 

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