Bush Administration unveils mortgage modification plan

Bush Administration unveils mortgage modification plan and show its effort focuses on Fannie, Freddie - sets standards for private sector to stop the ever increasing crisis of home foreclosures. But, it has no direct financial help from U.S. government.

"The Bush administration on Tuesday unveiled a new program to modify mortgages and stabilize the battered real estate market, but the plan stops short of providing direct government financial help to at-risk homeowners. Read more

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