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Plan to Freeze Subprime Loans

Treasury and lenders close to deal

By Peter Fearon, Newser Staff

Posted Nov 30, 2007 3:12 AM CST

(Newser) – The Treasury Department and a coalition of lenders are close to a deal to freeze interest rates on some subprime loans in a bid to bring the mushrooming mortgage crisis under control, reports the Wall Street Journal. A freeze would ease the burden on beleaguered... Read full story »

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Plan to Freeze Subprime Loans

Treasury and lenders close to deal

Subprime Crisis

subprime mortgages • Henry Paulson • Treasury Department • Hope Now Alliance • Housing and Urban Development • First American Loan Performance. • borrowers

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More Newser Stories

Paulson Calls for More Housing Relief

Treasury secretary suggests aid for prime-rate borrowers

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Plan would help homeowners facing rate increases

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Plan to give borrowers a break called 'morally repugnant'

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Aid plan would back new loans for homeowners in 'upside-down' mortgages

Countrywide to Refinance Risky Home Loans

About 80,000 subprime borrowers will get lower rates from the $16B plan

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