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Freddie Mac PMMS: One-year ARM ticks up as all other rates fall

National Mortgage Professional
Oct 08, 2008

MBA's Courson comments on Treasury plan to purchase mortgage assetsMortgagePress.comMBA, John Courson, Mortgage Bankers Association, Treasury John A. Courson, Chief Operating Officer of the Mortgage Bankers Association (MBA) has issued the following statement in response to proposed legislative language allowing the Treasury to purchase distressed mortgage assets. "We applaud the Administration and bipartisan Congressional leadership for quickly coming up with a plan to set up this facility within the Treasury Department. While we only have the outline of a program, with many details sure to be debated and filled in in the coming days, this is a good start--a program created within the current government infrastructure than can be implemented quickly. We look forward to continuing to work with Treasury and Congress to answer the outstanding questions, including how to help financial institutions and troubled homeowners without doing further harm to the mortgage market." For more information, visit
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