Will New Help for Borrowers Make a Difference?

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In December, it was "Project Hope" to provide help to holders of sub-prime mortgages who can't make increased payments. Today it's "Project Lifeline," a program by six of the nation's leading financial institutions to freeze all foreclosures for 30 days. Treasury Secretary Henry Paulson acknowledged that while no program will solve all borrowers' struggles, the new plan "has the potential to offer new solutions to responsible, able homeowners who want to keep their homes." Mark Zandi is chief economist at Moody's Economy.com.




Warren Olney