December 2, 2007

Experts: Bailout not complete solution (AP)

Gregoria Casiano, 81, looks out her apartment window in the Bushwick section of Brooklyn, New York on Friday, Nov. 30, 2007. Casiano, who has lived in the apartment for 32 years, faces an uncertain future following her landlord's loss of the building through a foreclosure auction on Thursday. The mortgage industry and federal regulators have been under intense pressure from activists, lawmakers and consumer groups to help borrowers stave off foreclosure, particularly as adjustable-rate mortgages begin to reset, meaning much higher payments. (AP Photo/Mark Lennihan)AP – If lenders temporarily freeze low introductory interest rates on home loans made to risky borrowers before they soar, it would be a modest fix for the country’s fractured housing market.

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