FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

PHILADELPHIA — Senator Hillary Rodham Clinton returned to one of her major campaign themes Monday — the economic impact of the home mortgage crisis — and called on Congress to provide $30 billion to help states and communities lessen the number of foreclosures.

In a speech at the University of Pennsylvania, Mrs. Clinton proposed several other moves to deal with foreclosures, like tapping two former chairmen of the Federal Reserve, Alan Greenspan and Paul A. Volcker, and former Treasury Secretary Robert E. Rubin, to lead a “high-level emergency working group” to recommend ways to restructure at-risk mortgages to help avert more foreclosures.
Her speech comes as the mortgage crisis continues to ripple across the economy, threatening the homes of millions of Americans and endangering some of the nation’s leading financial institutions that helped finance these now-troubled mortgages.
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Tags: Clinton, mortgage crisis

This entry was posted on Tuesday, March 25th, 2008 at 8:42 am and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.