Treasury Must Disclose Asset Prices in 2 Days

The Treasury Department must disclose within two days the price it pays for any mortgage asset, according to the pending $700 billion bailout bill. The Emergency Economic Stabilization Act mandates that the Treasury must provide to the public (in an electronic form) the dollar amount of the assets sold, the price, and a description of the collateral being purchased. The Treasury also wants any firm that gives the government warrants to guarantee that its holdings will not be diluted by stock splits.

Processing Content

For reprint and licensing requests for this article, click here.
Compliance Law and regulation Servicing
MORE FROM NATIONAL MORTGAGE NEWS
Load More