December 6, 2007

Bush says mortgage relief plan may help 1.2 million (AFP)

US President George W. Bush(L) makes a statement on housing with US Treasury Secretary Henry Paulson in the Roosevelt Room of the White House in Washington, DC. A wide-ranging mortgage relief package was unveiled Thursday by Bush, who said interest rate freezes and refinancings agreed upon by lenders could help 1.2 million distressed homeowners.(AFP/Jim Watson)AFP – A wide-ranging mortgage relief package was unveiled Thursday by US President George W. Bush, who said measures agreed upon by lenders and investors could help up to 1.2 million distressed homeowners.

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