Tuesday, March 04, 2008

Bernanke Urges Banks to Forgive Portion of Mortgages (Update5)

March 4 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting.
Fed Chief Urges Breaks for Some Borrowers New York TimesBernanke urges more principal writedowns to avert foreclosures UPDATE CNNMoney.comTimes Online - MarketWatch - Wall Street Journal - Los Angeles Times


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