In helping homeowners, Bush tries to strike a balance

Posted by: Peter Coy on August 31, 2007

I just wrote an online story about the plan that President Bush announced today to help homeowners who are in danger of losing their homes to foreclosure. Does the plan go far enough? Or too far? I could argue this one either way….

Reader Comments

Paul L.Muckle

September 9, 2007 12:15 PM

I wonder what prompt the President to order home mortgage reform after first saying he would do nothing. You will find the answer in a lawsuit filed in the U.S district court in Boston Ma. on 8/20/07. 07-CA 11437-DPW Plaintiff's Revised versionof the complaint, and Plaintiff's motion for injunctive relief pursuant to MGLc. 183c. Don't get me wrong I am a great admirer of President Bush and my statements about him in the lawsuit was not a personal attack.I just feel that he have surrounded himself with people who does not have his,nor the country's best interest at heart. Maybe he should hire me as an advisor.

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BusinessWeek editors Chris Palmeri, Prashant Gopal and Peter Coy chronicle the highs and lows of the housing and mortgage markets on their Hot Property blog. In print and online, the Hot Property team first wrote about the potential downside of lenders pushing riskier, "option ARM" mortgages and the rise in mortgage fraud back in 2005—well ahead of many other media outlets. In 2008, Hot Property bloggers finished #1 in a ranking of the world's top 100 "most powerful property people" by the British real estate website Global edge. Hot Property was named among the 25 most influential real estate blogs of 2007 by Inman News.

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