White House (AP) President Bush visits freehold township, New Jersey, today to spotlight efforts to save struggling homeowners from foreclosure.
The president plans to stop by a mortgage counseling company that's part of the “hope now” alliance. Hope now is an industry group organized by the Bush administration to coordinate a response to the mortgage crisis.
With upwards of two million Americans in some kind of mortgage trouble, the alliance faces a huge job.
But Bush is stressing the up side: despite the subprime mess, most Americans are making their payments. And more households are working out problems than are entering foreclosure.
Still, critics call the private-sector measures insufficient in the face of an acknowledged mortgage crisis.
Viewers with disabilities can get assistance accessing this station's FCC Public Inspection File by contacting the station with the information listed below. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, 888-835-5322 (TTY), or email@example.com.