In recent months there has been great anxiety over the mortgage crisis in our country. The Democrats have said that the presidents has not been involved enough, that he has remained on the sidelines without doing anything to help. That is about to change as Bush plans to announce several steps today to help Americans who have credit problems meet the rising cost of their housing loans.

“Officials said Mr. Bush would call for the Federal Housing Administration to change its federal mortgage insurance program in a way that would let an additional 80,000 homeowners with spotty credit records sign up, beyond the 160,000 likely to use it this year and next.”

“The administration is offering his plan, which will include what one official called jawboning of lenders to persuade them not to foreclose on some borrowers, at a time of growing attacks on Mr. Bush from Democrats who say he has remained on the sidelines amid increasing anxiety over whether millions of Americans could end up losing their homes. Other elements of the plan would need legislative action, requiring Mr. Bush to win over the Democratic leadership in Congress.”
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