Friday, August 31, 2007

Bush to unveil homeowners' plan - Mortgage Mess -
I see no mention of a bailout for the companies that went bust making these loans. I'm wondering what this package is going to look like and who is going to be making the loans.

WASHINGTON - Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump. The president on Friday was to talk about several initiatives and reforms to help homeowners with risky mortgages keep their homes, a senior administration official said Thursday. Bush also was to discuss efforts to prevent these kinds of problems from arising in the future.

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