Posted on: 28th Mar, 2010 10:18 am
any information on the public-private investment program?
Hi imhoot,
The Public-Private Investment Program for Legacy Assets was announced on March 23, 2009 by the United States Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the United States Treasury Department. It is designed in a way which would provide liquidity for so-called "toxic assets" which are on the balance sheets of financial institutions. This is one of the initiatives coming out of the implementation of the Troubled Asset Relief Program (TARP) as implemented by the U.S. Treasury.
To know more about this program, you can check out the given page:
"http://financialstability.gov/roadtostability/publicprivatefund.html"
Thanks
The Public-Private Investment Program for Legacy Assets was announced on March 23, 2009 by the United States Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the United States Treasury Department. It is designed in a way which would provide liquidity for so-called "toxic assets" which are on the balance sheets of financial institutions. This is one of the initiatives coming out of the implementation of the Troubled Asset Relief Program (TARP) as implemented by the U.S. Treasury.
To know more about this program, you can check out the given page:
"http://financialstability.gov/roadtostability/publicprivatefund.html"
Thanks
will your mortgage company work with you on this or will you need a lawyer?thanks,imhoot
You should contact your lender and have a word with him in this regard. He will be able to let you know whether or not he is interested in giving such a loan.