Treasury Secretary Outlines Foreclosure Rescue Plan

Most of the mortgage bigwigs were in Washington, DC
on Monday, attending the National Housing Forum sponsored by the U.S.
Office of Thrift Supervision.

Treasury began the effort by convening a diverse group of market
participants, who represent all segments of the mortgage industry. Based
on what we have learned Paulson said, the participants are implementing a

three point plan to avoid preventable foreclosures and
to play down the affect of the housing downturn on the U.S. economy.

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Original post by Mortgage News Daily - Mortgage And Real Estate News

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