U.S. nears deal on mortgage defaults (Fort Worth Star-Telegram)

Story date: 2007-12-03 12:26:22
Added on: 2007-12-03 14:00:18

By MARTIN CRUTSINGER Treasury Secretary Henry Paulson said Monday that an agreement was near on a proposal to help thousands of at-risk homeowners avoid foreclosures by temporarily freezing their mortgage rates. One of the last remaining issues to be resolved, officials said, was the exact length of time the low-teaser rates will be frozen. Speaking at a national housing conference and in later ...


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