Remember distressed whole loans? The nearly forgotten segment of the mortgage market appears poised to make a strong comeback, as banks finally look ready to unload their troubled mortgages. The Treasury’s Public-Private Investment Program was supposed to be rocket fuel for distressed whole loan trading. Announced in March 2009, the PPIP was meant to get private investors in on the game of trading distressed mortgage assets — as part of that program, the government had introduced plans to support the so-called Legacy Loans Program, where it would co-invest in loan notes alongside private market participants.