WASHINGTON — The hope that a White House and Treasury Department backed plan to defer escalating mortgage foreclosures by temporarily freezing teaser rates before they reset isn't perceived as workable or nearly sufficient by investors and mortgage analysts.

Treasury Secretary Henry M. Paulson outlined an approach last week at the Office of Thrift Supervision National Housing Forum here that would entail developing a set of standards to modify subprime loans so banks and mortgage servicers could speed up modifications and reworks for borrowers.

Some two million such mortgages are scheduled to reset higher in the next year as borrowers with interest rates on hybrid adjustable rate mortgages (ARMs) of $362 billion reach the end of their introductory rate period.

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