To the Point

Bush Gets Lenders to Freeze Sub-Prime Mortgage Rates

With anxiety rising about the economy, President Bush today announced a plan to help homeowners with sub-prime mortgages. It would freeze the so-called "starter" interest rate for certain borrowers to prevent increases that could otherwise force them into foreclosure.

By Warren Olney • May 12, 2014 • 1 min read

With anxiety rising about the economy, President Bush today announced a plan to help homeowners with sub-prime mortgages. It would freeze the so-called "starter" interest rate for certain borrowers to prevent increases that could otherwise force them into foreclosure. Michael Mandel, chief economist for BusinessWeek magazine, is the author of Rational Exuberance.

Warren Olney
former KCRW broadcaster
Katie Cooper
Producer, 'One year Later'
Christian Bordal
Managing Producer, Greater LA
Karen Radziner
Managing Producer, To the Point & Which Way LA?
Michael Mandel
Editor in Chief, Visible Economy

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To the Point

Bush Gets Lenders to Freeze Sub-Prime Mortgage Rates

With anxiety rising about the economy, President Bush today announced a plan to help homeowners with sub-prime mortgages. It would freeze the so-called "starter" interest rate for certain borrowers to prevent increases that could otherwise force them into foreclosure.

Share

To the Point

Bush Gets Lenders to Freeze Sub-Prime Mortgage Rates

With anxiety rising about the economy, President Bush today announced a plan to help homeowners with sub-prime mortgages. It would freeze the so-called "starter" interest rate for certain borrowers to prevent increases that could otherwise force them into foreclosure.

Share