With homeowners that are being threatened with foreclosure would in some instances get a 30-day reprieve under an initiative the current administration a spokesman said Tuesday.
Named "Project Lifeline," the program will be available to people who have taken out all types of mortgages, is this real?, not just the high-cost subprime loans that have been the focus of previous relief efforts.
The proposed bailout and assistance program was put together by six of the nation's largest financial institutions, which service almost 50 percent of the nation's home mortgages.