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 [...]
Entries from November 2008
FDIC, US Treasury to Help Banks Modify Mortgages
November 1st, 2008 · No Comments
Tags: "mortgage modification" · Foreclosure Information · Government Bailout