November 21, 2007

Treasury’s Paulson seeks broader mortgage help (Reuters)

United States Treasury Secretary Henry Paulson addresses delegates attending the Corporate Council on Africa at the U.S.-Africa Summit meeting in Cape Town, November 16, 2007. Paulson said the number of potential U.S. home-loan defaults 'will be significantly bigger' in 2008 than in 2007, the Wall Street Journal's online edition reported. (Mike Hutchings/Reuters)Reuters – Treasury Secretary Henry Paulson is
pressing the U.S. mortgage industry to help large groups of
borrowers automatically, worried lenders will be unable to
staunch a worsening mortgage crisis if they try to fix loans
one-by-one.

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