WASHINGTON — Treasury Secretary Henry Paulson and Department of Housing and Urban Development Secretary Alphonso Jackson were joined by mortgage market participants Oct. 10 in announcing a new alliance to strengthen efforts for struggling homeowners.

On Aug. 31, President George W. Bush announced an initiative to help as many Americans as possible keep their homes. He asked Paulson and Jackson to spearhead an effort to identify and help struggling homeowners. Since that time, Treasury and HUD have been meeting with the nation’s leading mortgage counselors, mortgage servicers, lenders, investors and other industry experts to explore ideas on how to reach and help as many homeowners as possible.

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