House Speaker Nancy Pelosi (D-Calif.) is pressing the administration to do more to help homeowners facing foreclosure, including supporting a foreclosure mitigation proposal by FDIC Chairwoman Sheila Bair.
Pelosi released the following statement after a meeting Monday with Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke:
House Democratic leaders today made it clear to Secretary Paulson and Fed Chairman Bernanke that they must take immediate action and do everything they can to help hardworking Americans stay in their homes.
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