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Old 13th November 2008, 04:43 AM   #1

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Default US lays out sweeping program to ease mortages (AFP)

<p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20081112/bs_afp/financeeconomyuspropertypolitics"><img src="http://d.yimg.com/us.yimg.com/p/afp/20081112/capt.cps.oek36.121108031540.photo00.photo.default-512x377.jpg?x=130&y=95&q=85&sig=wi1N17DeZUCDQQFN2r WdDQ--" align="left" height="95" width="130" alt="James Lockhart, director of the Federal Housing Finance Agency. A US government plan to halt soaring home loan defaults and falling property values "is an achievable goal if homeowners, banks, mortgage servicers and investors, Fannie Mae, Freddie Mac all work together," Lockhart has said.(AFP/Getty Images/File/Joshua Roberts)" border="0" /></a>AFP - The US government Tuesday sought to put a floor under soaring home loan defaults and falling property values with a sweeping program to ease payment terms for hundreds of thousands of struggling homeowners.</p><br clear="all"/>

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