House Panel OKs New Way to Fund Home Mortgages

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Real Estate Agent with Berkshire Hathaway HomeServices California Properties 01228926

House Panel OKs New Way to Fund Home Mortgages

A bill to create a new market for financing mortgages that would help wean the $10.6 trillion U.S. mortgage market off government support advanced in the House of Representatives Tuesday.

The bill aims to establish a market for covered bonds, securities issued by banks and backed by pools of loans.

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By: Reuters. CNBC

Comments (1)

John Michailidis
Real Property Management of Sarasota & Manatee - Sarasota, FL
Real Property Management of Sarasota & M

Thank you for sharing this information! I'll read the article to learn more . . .

May 03, 2011 10:15 AM