Posts Tagged ‘treasury’

Op-Ed: Treasury should modify loan modifications

Posted on December 6th, 2009, by DHW

The Wall Street Journal published an insightful op-ed piece by Edward Pinto. Mr Pinto sees two major shortfalls with the Treasury’s attempt to modify delinquent mortgages through the Home Affordable Modification Program (HAMP).

“The first shortfall is that the program doesn’t provide a clear process to triage the over 7.5 million delinquent loans.”
“It doesn’t take into [...]

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Treasury Dept says ‘no deal’ for Fannie

Posted on November 7th, 2009, by DHW

Citing a loss too great for taxpayers, the US Treasury Department blocked Fannie Mae’s nearly $3 billion sale of unused low-income housing tax credits to Goldman Sachs Group and Berkshire Hathaway.

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Fannie Mae strikes deal to sell $2.6 billion in unused tax credits

Posted on November 5th, 2009, by DHW

In a deal that still needs Treasury Department approval, government run Fannie Mae reached an agreement with unnamed buyers to sell approximately $2.6 billion in unused low-income housing tax credits. The Treasury Department said it would approve the sale “if it was clearly in the interest of taxpayers.”
DHW asks: Do you think this deal is [...]

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