· Here’s more.In New York today, the benchmark 30-year fixed rate mortgage hit a record low for the fourth week in a row.According to Bankrate.com’s weekly national survey, the mortgage index dropped by 3.

The Troubled asset relief program (tarp) is a program of the United States government to purchase toxic assets and equity from financial institutions to strengthen its financial sector that was passed by a Democratic Party controlled Congress and signed into law by Republican Party President George W. Bush on October 3, 2008.

NEW YORK (TheStreet) — It’s time for the U.S. Treasury. money in October 2008, but later received another $10 billion in January 2009, after the company completed its acquisition of Merrill Lynch,