Administration announces new mortgage industry coalition to help homeowners avoid default (Naples Daily News)
Story date: 2007-10-10 04:51:48
Added on: 2007-10-10 20:00:48
The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry Paulson said the initiative would boost financial companies’ efforts to help an estimated 2 million homeowners whose introductory mortgages with low rates are resetting at much higher rates, just as the housing ...
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