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TARP Losses Recalculated to $66bn as GSE Outlook Improves

By Implode-Explode Heavy Industries

"The Congressional Budget Office (CBO) projected Friday the total cost of Troubled Asset Relief Program (TARP) over its lifetime would be $66bn. This is down from the $109bn lifetime cost projected in March. Outlays for Fannie Mae and Freddie Mac will fall from $96bn in 2009 to $41bn this year, the CBO estimates, mostly because the two entities are expected to recognize fewer losses on their mortgage investments and guarantees."

Full post as published by Mortgage Lender Implode-o-Meter on August 23, 2010 (boomark / email).