Monday, Sep 28, 2009

High house prices are good...High house prices are good...High house prices are good...

Bloomberg: State Housing Agencies in U.S. Said Slated for Treasury Help

State housing agencies in the U.S. would get help in providing mortgages to low-income borrowers under a U.S. Treasury Department program to provide new liquidity and purchase mortgage bonds, Treasury officials said.
The program would provide as much as $15 billion in fresh liquidity for as long as three years and would purchase as much as $20 billion in tax-exempt mortgage bonds issued by state- sponsored housing finance agencies through the end of this year, a person familiar with the matter said. The program may be announced as early as Sept. 30

Posted by tyrellcorporation @ 01:32 PM (571 views)
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