Department of the Treasury

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Originations Grow 7% Among TARP Recipients 

Jul 16, 2009By

Lending among the top 21 recipients of bailout funds through the Capital Purchase Program within the Treasury Department’s Troubled Asset Relief Program (TARP) posted modest growth in May, with mortgage originations rising by 7% over April’s figures. Mortgage lending among the top 21 TARP recipients rose slightly to $122bn in combined originations in May, from $114bn in April. Home equity lines of credit slipped 12% to $3.79bn in combined originations in May.

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