FDIC: Focus of PPIP to be residential, commercial real estate

Real estate loans to be main focus of Public-Private Investment Program:

The PPIP, introduced by the U.S. Treasury Department Monday, is designed to help banks to rid themselves of loans that hurt their operations and capital. The program will give guarantees and some leverage to private investors to buy such loans.

Real estate is where the biggest problem lies, the FDIC said during a conference call, and therefore the program will focus on those areas first, but could later include other consumer and commercial loans.

ARTICLE: WSJ