Treasury reportedly to help state housing agencies provide mortgages

09/28/2009 | Bloomberg

The Treasury Department is poised to announce a program that will provide as much as $15 billion in liquidity and buy billions worth of mortgage bonds, Bloomberg reported, quoting sources at the department. The effort would help state housing agencies provide home loans to low-income borrowers. Fannie Mae and Freddie Mac are to administer the program and purchase the bonds.

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