December 7, 2007

Paulson defends government’s subprime intervention (Reuters)

Treasury Secretary Henry Paulson listens during a news conference to introduce a plan to freeze some homeowners' mortgage interest rates, at the Treasury Department in Washington December 6, 2007. (Jonathan Ernst/Reuters)Reuters – The government’s intervention to
streamline the mortgage industry’s process for evaluating
struggling borrowers was a necessary step, Treasury Secretary
Hank Paulson said in the Wall Street Journal on Friday.

Filed under Real Estate Blog, Real Estate Business by Yahoo! News: Business - Real Estate

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