HFAs Urge White House to Modify, Extend MBS Program

Touting the success of the Treasury Department’s New Issue Bond Purchase Program, a group of local housing finance agencies is urging the Obama administration to modify and extend the program, this time allowing the Treasury to exchange mortgage-backed securities it holds in its portfolio for MBS that wrap NIBP bonds.

Article source: http://www.nationalmortgagenews.com/dailybriefing/2010_490/hfas-urge-white-house-1027753-1.html

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