e-Daily Rate Market Report states that Obama will provide $35B to the mortgage markets. It will go to help state and local housing finance agencies. State housing programs were hit hard by the economic crisis and forced to curtail or suspend tax-exempt bond programs that allow them to provide affordable mortgages. The time frame for $20B of the assistance may close by the end of the year. Under the program, the Treasury would make a market for tax-exempt multifamily and single-family HFA bonds by purchasing up to $20B of them through government-sponsored enterprises Fannie Mae and Freddie Mac. The administration also would provide up to $15B of liquidity to help HFAs remarket their variable-rate debt obligations