The National Mortgage News reports that the GSE's are looking at selling a large volume of non-performing loans. $250 billion in loans hitting the open market would really be interesting, it would allow creative solutions by the private market. I would bet the US Government would squash or restrict sales because it would maximize losses over the short term and they wouldn't get to control nearly as much the ultimate resolution of the non-performance like they can now.
If entities start recognizing losses sooner rather would be very encouraging for a market that is currently stagnated.
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