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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (87727)	8/31/2007 12:53:24 AM
From: Les H	Read Replies (2) \| Respond to of 306849

Bush to Offer Proposals To Ease Mortgage Crisis washingtonpost.com The following condition probably doesn't help those many of the loans in 2005 and 2006 that were experiencing a high level of early payment defaults: "They need to have had a good payment history up to the point of the reset," said a senior administration official, who spoke on the condition of anonymity because the plan had not been announced. The official estimated that the change would allow 80,000 more homeowners to receive federally insured mortgages in 2008 on top of the 160,000 already projected to use the program.