Interest rate freeze not a done deal Premium Content

Bush administration must win over mortgage investors

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The Bush administration's latest plan to prevent foreclosures -- persuading lenders to freeze the introductory interest rates on some adjustable-rate mortgages -- remains a work in progress, as disagreements remain over who will be eligible for streamlined loan modifications and refinancings, Treasury Secretary Henry Paulson said today.

The plan envisions members of an administration-backed HOPE NOW coalition -- including mortgage servicers, counselors and investors -- will work together to contact borrowers facing interest rate resets, and provide relief for many who are facing fore

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