Millions of U.S. home buyers benefit from the subprime mortgage Rebate Scheme.

<P>: Http://finance. News, U.S. President George W. Bush at the White House today officially announced the development of the U.S. government and financial institutions, a predicament subprime mortgage plan, it is expected to make more than one million homeowners .In the next two years, the Court of the auction house from foreclosure. .</ P> <P> the Bush administration by the United States entered into with major financial institutions to subprime predicament plan, including re-financing, to freeze interest rates or loan subprime lender specifications. .The core part is to provide loans to home buyers a five-year freeze on mortgage rates. .As the recent large-scale federal floating interest rate, experts estimate that the U.S. housing loan interest rates will be increased substantially in the next two years, which will undoubtedly deep crisis of the U.S. subprime lender worse. .Bush said the plan being prepared will allow investors and homeowners anxious to regain confidence. .</ P> <P> According to report, including the United States, including the regulators and Treasury, including Citigroup, Wells Fargo, Washington Mutual and the subprime mortgage company Village Enterprise Alliance Financial Group has formed an agreement on this plan. .This agreement will assist the private sector the plight of homeowners facing re-apply for repayment of floating rate loans and avoid more high repayment of arrears, they agreed to freeze the current interest rate "for some time." .</ P> <P> Bush at the White House said today, in fact, not a perfect solution for solving today's subprime crisis. .However, millions of homeowners are able to enjoy the Government's plan to help, you can calmly deal with serious challenges. .Bush said he called this "part" of 1.2 million people, but only a few enjoy the help of the freezing of interest, while most other requirements by the Federal Housing Administration's loan guarantee to achieve the original lending institutions lending again. .Bush also stressed that the program is based on the principle of resources, any person wishing to receive assistance must be voluntary. .</ P> <P> financial institutions, according to forecasts that next year will be the peak of subprime loans repayment period of time if the government does not introduce measures to solve the problem, will set off a wider financial crisis. .In view of public opinion has accused the Bush administration to help troubled subprime crisis in the slow movement of millions of homeowners, Bush explained that his government on this issue carefully, low-key and do more and say less and do not want to give the impression that .strong intervention in the free market economy criteria impression. .The Treasury Department alleged by the U.S. government and major financial institutions and investors in subprime predicament proposed plan did not spend a penny government finances. .Bush said those who know they never really able to purchase a large number of housing payments and reckless real estate speculators, the Government should not be protected, and part of the responsible owner you can benefit from the government's plan to avoid home ownership .was according to foreclosure auction. .</ P> <P> primarily for the U.S. subprime mortgage bad credit record buyers who apply for a loan, the loan has always had a higher risk. .U.S. officials had said the loans to buy a house if the house was acquired by auction, so all the related people are losers. .Buy a house, lenders, communities, housing investors and so on will all be lost, while the U.S. and world economy will suffer even more. .U.S. subprime crisis, U.S. politicians and think tanks are constantly brainstorming, trying to stop the pace of this economic crisis. .U.S. Treasury and central banks is a powerful means of financing used to support the struggling subprime mortgage commercial banks. .</ P> <P> deep sub-prime crisis, the Bush administration is seeking ways out of the woods, contributing to this enterprise alliance is considered a "medicine", while U.S. Treasury Secretary Henry Paulson and Housing and Urban Development .Minister Alphonso Jackson, the business alliance is a positive enabler. .</ P>.