Paulson Says Subprime Loan Plan to Ease Economy Risks (Update1) (Bloomberg.com)
Dec. 3 (Bloomberg) -- Treasury Secretary Henry Paulson said the government and banks will ``soon'' announce a plan to minimize subprime mortgage foreclosures, lessening the risks posed to an economic expansion entering its seventh year....more...Treasury Secretary working to develop loan modification plan (The World)
WASHINGTON ? The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages....more... Paulson works with industry on loan plan (AP via Yahoo! News)
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis....more... Rate freeze plan for ARMs gains traction (CNNMoney.com via Yahoo! Finance)
If you've got a 7% adjustable mortgage that's about to skyrocket past 10%, getting a break may get a lot easier. One solution to the foreclosure problem gaining traction would freeze rates at lower levels....more... (AFX UK Focus) 2007-12-01 12:09 GMT: Paulson works with industry on loan plan (Interactive Investor)
WASHINGTON (AP) - 1130dv--us--economy...more... Bush administration proposes freezing subprime loan rates (Provo Daily Herald)
The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages. If adopted, it would be the biggest action taken to cope with the unfolding crisis. The administration was still holding discussions on Friday, trying to work out details of the proposal, ......more... Governor and lenders make sense with deal (The Desert Sun)
Subprime lending is a culprit of loan default and valley homeowners are some of the victims in this ongoing saga of climbing California foreclosures....more... (AFX UK Focus) 2007-12-01 05:56 GMT: Paulson works with industry on loan plan (Interactive Investor)
WASHINGTON (AP) - 1130dv--us--economy...more... Paulson works with industry on loan plan (Sharewatch)
WASHINGTON (AP) - 1130dv--us--economy The Bush administration and the mortgage industry, trying to combat a massive wave of foreclosures, are hammering out a proposal to temporarily freeze interest rates on certain troubled subprime mortgages....more... |