Mortgage Industry in Limbo, Waiting To See How TARP Unfurls in 2009
November 25, 2008
The sense of optimism and relief that spread through the mortgage industry in October as the Treasury Department prepared to launch a $700 billion program to buy illiquid mortgage assets has soured into one of uncertainty and disappointment. The agency has indefinitely put off planning to buy any mortgages or mortgage securities under the Troubled Asset Relief Program and...