WASHINGTON—President Bush said Wednesday that distressed U.S. homeowners need help to avoid having their homes foreclosed but expressed scant sympathy for lenders.
"There's positive elements in our economy but no question the housing (sector) is soft," Bush said at a press conference, adding:
"The fundamental question is what do we do to help homeowners. I don't think we ought to be providing bailouts for lenders but I do think we ought to put policies in place that help people stay in their homes."
Feeds