The Mortgage Crisis | Lenders offer lifeline (The State)
Story date: 2008-02-12 09:15:34
Added on: 2008-02-12 21:22:32
WASHINGTON — Six major lenders, worried about the deepening mortgage crisis, said Tuesday they would grant a 30-day freeze on many foreclosures in order to consider delinquent borrowers’ pleas for lower monthly payments. Standing with bank representatives, Treasury Secretary Henry Paulson said Project Lifeline is needed because the 2-year-old mortgage mess is still threatening to separate many ...
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