Mortgage Mart Sees Opportunity In ‘DARP’

The Federal Housing Finance Agency’s Distressed Asset Recovery Program, in which the regulator would sell off Fannie Mae and Freddie Mac real estate owned houses to investors on the condition they turn them into rental properties, would help U.S. home prices stabilize and could draw big money, according to Dale Westhoff, global head of securitized products research at Credit Suisse.