Thursday, December 6, 2007

White House and Adminstration Busy on Housing Front.

President Bush is scheduled to made a statement this morning on Administration efforts to get a voluntary agreement on teaser mortgage resets for SOME sub prime borrowers. No details yet available on White House website; Bloomberg story HERE says his statement will be at 10:40 AM.

Immediately afterwards, Treasury Secretary Paulson and HUD Secretary Jackson will be hosting a press event, at 10:45 AM West Coast time, to describe the administrations sub prime teaser mortgage reset efforts. A technical briefing afterward at 11:35 AM does NOT allow cameras. Press Advisory is HERE.

On Friday, Treasury Secretary Paulson is hosting an Ask the White House web session at 10 AM West Coast Time. The White House website to follow the transcript of the live chat is HERE.





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