Fannie Mae offers new suite of HomePath financing

Fannie Mae offers new suite of HomePath financing

Goodbye HomePath Mortgage and HomePath Renovation

CNBC video: Home shortage could be due to real estate agents

Pocket listings drag down inventory?

Happy 4th birthday Dodd-Frank! Everyone hates you

How effective has Dodd-Frank really been?
W S
Investments / The Ticker

Treasury auctions off preferred stock of six institutions

/ Print / Reprints /
| Share More
/ Text Size+

The U.S. Department of the Treasury announced its intention to sell several preferred stock and subordinated debt Capital Purchase Program investments as part of the ongoing effort to wind down and recover its remaining CPP investments under the Troubled Asset Relief Program. 

Six institutions will be featured in the auction for all of its preferred stock and subordinated debt positions including FC Holdings (FCH), Flagstar Bancorp (FBC) and National Bancshares (NBOH)

The auctions will begin around Feb. 6 to domestic qualified institutional buyers and certain domestic institutional accredited investors. 

To date, Treasury has recovered nearly $268 billion from TARP’s bank programs through repayments, dividends, interest, and other income – compared to the $245 billion initially invested. 

Recent Articles by HousingWire Staff

Comments powered by Disqus