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Six of the big mortgage companies involved the Hope NOW Alliance announced that the Alliance is expanding its efforts to help homeowners facing foreclosure. The rate freeze program announced by President Bush in December applied only to borrowers who were facing resets on subprime adjustable rate mortgages...
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An administration official stated on Tuesday that the White House was involved in discussions with mortgage industry officials about expanding the current interest rate freeze program announced shortly before Christmas to other at risk borrowers. Secretary of the Treasury Henry Paulson, in an interview...