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White House Starts Mortgage Rescue Plan

By Harry Kimball, Newser Staff

Posted Mar 4, 2009 2:21 PM CST

(Newser) – The White House today kicked off its $75 billion plan to curb mortgage foreclosures, the Wall Street Journal reports. The federal dollars will both push lenders to lower monthly payments and help homeowners keep paying. “Today, we are providing servicers with the details they... Read full story »

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Politics • Money

mortgage • Treasury Department • mortgage lender • negative equity • payments • Obama administration • President Obama • Timothy Geithner • foreclosures

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White House Starts Mortgage Rescue Plan

mortgage • Treasury Department • mortgage lender • negative equity • payments • Obama administration • President Obama • Timothy Geithner • foreclosures

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More Newser Stories

BofA, Wells Fargo Rank Worst for Loan Modifications

Treasury report rates banks' performance

Geithner: Obama Won't Ask Me to Stay

Treasury secretary says he's done after election

Larry Summers Will Be Gone by Year's End

Adviser irked that Geithner, not he, has Obama's ear

Watchdog: Feds Need to Expand Foreclosure Plan

$50B plan proving ineffective as more mortgage holders lose their jobs

Top Wall Street Execs Have Direct Line to Geithner

Treasury chief's calendars show frequent contact with big players

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