NPL Auction Market Going Nowhere Fast

Muolo, Paul
November 2009
National Mortgage News;11/9/2009, Vol. 34 Issue 8, p1
Trade Publication
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.


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