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Paulson shift pressures home lenders, investors

Treasury chief points to FDIC program as model to recast loans

Sheila Bair, the chairwoman of the Federal Deposit Insurance Corp. An FDIC initiative to rewrite problem loans for customers of the failed IndyMac Bank was applauded by Treasury Secretary Henry Paulson as a potential model for helping homeowners. Sheila Bair, the chairwoman of the Federal Deposit Insurance Corp. An FDIC initiative to rewrite problem loans for customers of the failed IndyMac Bank was applauded by Treasury Secretary Henry Paulson as a potential model for helping homeowners. (Joshua Roberts/Getty Images/File 2008)
By Jenifer B. McKim
Globe Staff / November 13, 2008

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Treasury Secretary Henry Paulson's decision yesterday to not have the US government purchase troubled mortgage-related securities puts more pressure on housing lenders and investors to work out problem loans on their own. (Full article: 561 words)

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