What the Mortgage Bailout Means For You (BusinessWeek Online)

[riky]

What the Mortgage Bailout Means For You
    (BusinessWeek Online)

 

BusinessWeek Online - On Dec. 6, Treasury Secretary Henry Paulson, with the support of President George W. Bush, unveiled a plan to aid certain homeowners who face the prospect of higher mortgage rates in the next few years. Paulson worked with banks and other mortgage companies to develop the initiative, and thanked them for their involvement. "We have worked through an evolving process to help minimize the impact of the housing downturn on homeowners, neighborhoods and the U.S. economy," he said. ...


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