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Monday, March 26, 2007

Obama calls for housing summit on foreclosures

WASHINGTON (Reuters) - U.S. presidential candidate Sen. Barack Obama called Thursday for top economic policy-makers to convene a conference to help homeowners avoid losing their homes amid a wave of foreclosures.

Obama, an Illinois Democrat, urged Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson to bring together lenders, consumer advocates, federal regulators and housing agencies for a summit meeting on preserving home ownership.

Please Read the rest of this article at: http://money.aol.com/news/articles/_a/obama-calls-for-housing-summit-on/n20070322175909990008

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