Bank of America

Home Purchase Loans Down Among Top TARP Recipients 

The majority of 21 top financial institutions that have received government funds through the Troubled Asset Relief Program overall lent more in January than they did a month earlier, according to a survey released this week by the U.S. Treasury Department. The reported data show that mortgage originations “rose significantly in January, as lower interest rates fueled a strong demand to refinance home mortgages,” the U.S. Treasury Department said in a media statement.