House OKs Rescue for Homeowners, Freddie, Fannie

Posted on March 27, 2009 by IC N in Residential

SOT: White House Press secretary Dana Perino: PERINO SOT: (4:00 approx from start of briefing) He thought it was wasteful, and that it would encourage lenders to foreclose on properties, rather than have them work with the homeowner to try to help them rework their loan and be able to stay in their house. (:12) Standup Bridge: TRACK: The administration’s decision to drop its veto threat underscored a split within the GOP, with congressional Republicans blasting the measure as irresponsible–saying taxpayers deserve better:
SOT: Congresswoman Michele Bachmann, R-Minn. 12:46 p.m. What will american taxpayer be getting in return for being put on hook for a deal they weren’t part of Video: Homes for sale/// Track: Republicans are worried there’s no dollar limit if a bailout of the mortgage giants is needed. The congressional budget office says it could cost taxpayers 25 billion dollars. Video: cover video of Paulson Track: Treasury Secretary Paulson says the bill will help turn the corner on the housing crisis. Video: picks of naca folks/dunno what we have from their event SOT: though a group working to help at risk homeowners has its doubts:
SOT: DARREN HENDON NACA/COUNSELOR FROM LOS ANGELES 16:19:55 we want the gov’t to be more proactive in supporting the solution rather than putting a bandaid over a bullet wound b/c Video: wide shot of senate??? Track: Senate action on the bill is expected by the weekend. Jb the ap capitol hill