The Obama administration may expand efforts to ease the housing crisis by banning all foreclosures on home loans unless they have been screened and rejected by the government's Home Affordable Modification Program. Read the whole article at Bloomberg
"It is one of the many ideas under consideration in the administration's ongoing housing stabilization efforts," Treasury spokeswoman Meg Reilly said in an e-mail. "This proposal has not been approved and there are no immediate planned announcements on the issue." She confirmed the authenticity of the document, which hasn't been made public.
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