Democratic leaders on Wednesday called on President Bush to appoint a "mortgage czar" to coordinate the federal response to the subprime mortgage crisis, saying the administration's response so far has been inadequate. Senate Majority Leader Harry Reid, D-Nev., characterized the mortgage woes and the accompanying wave of foreclosures as a "national … [Read more...]
CAMB Government Affairs Chair, Ed "Smitty" Smith Jr. sends you this important message from Congressional Quarterly.
October 11, 2007 By Leave a Comment
Administration Offers Plan to Curb Foreclosures
October 10, 2007 By Leave a Comment
The Bush administration announced a new mortgage industry coalition on Wednesday aimed at helping homeowners avoid being trapped in a rising tide of foreclosures. Treasury Secretary Henry M. Paulson Jr. said the initiative would help coordinate efforts by financial companies to help an estimated 2 million homeowners whose introductory mortgages … [Read more...]