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U.S., banks near a plan to freeze subprime rates

Authors :
Solomon, Deborah
Phillips, Michael M.
Source :
Wall Street Journal. Europe. Nov 30, 2007, A1
Publication Year :
2007

Abstract

Negotiations between the US government and financial institutions may result in a temporary lock on certain subprime home loan interest rates. This move is expected to ease mortgage holders' and mortgage banks' financial problems and stall rate of home foreclosures.

Details

Language :
English
ISSN :
09219986
Database :
Gale General OneFile
Journal :
Wall Street Journal. Europe
Publication Type :
News
Accession number :
edsgcl.171940225