TITLE

When Taking on More Bad Loans Seems a Good Idea

AUTHOR(S)
Berry, Kate
PUB. DATE
March 2010
SOURCE
American Banker;3/15/2010, Vol. 175 Issue 39, p1
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article examines mortgage loan finance. U.S. banks are expected to repurchase billions of dollars in delinquent mortgage loans insured by the Federal Housing Administration from the Government National Mortgage Association. The purchases allow the banks to stop making interest and principal payments on mortgage bonds they issued to financiers.
ACCESSION #
48620546

 

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