Obama administration turns to foreign investors to fund housing

02/16/2010 | Washington Post, The

With the Federal Reserve's program of buying mortgage-backed securities scheduled to shut down March 31, the Obama administration is looking to sovereign-wealth funds and other foreign investors to step in and fill the gap. Analysts are skeptical of the effort. Most funds that invest for foreign governments want high yields offered by developing markets and are interested in investments that diversify away from the U.S. dollar, said Jan Randolph, head of sovereign-risk analysis at IHS Global Insight.

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