The focus of the Treasury Department’s $700 billion Troubled Asset Relief Program (TARP) could soon shift from recapitalizing banks to helping troubled homeowners avoid foreclosure and stimulating demand for housing.

The Bush administration has agreed to make a formal determination that the second $350 billion in TARP money will be needed, so that President-elect Barack Obama could theoretically have the money at his disposal soon after he takes office Jan. 20.

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top