Paulson leans on lenders

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Good morning, New England Patriots. Remember what Hank Williams said: ‘Your cheatin’ heart will tell on you.’

No, that is not a picture of Patriots coach Bill Belichick -- it’s Hank Paulson, the man who signs dollar bills and runs the Treasury. Today he leaned on lenders ‘to expand the range of mortgage products to refinance loans made unaffordable by resets.’

More, from AFX via CNBC: ‘He urged the mortgage executives, which included embattled Countrywide Financial Chairman Angelo Mozilo and top managers from Wells Fargo, CitiMortgage, HSBC and JP Morgan Chase, to identify and offer refinancing and other assistance to troubled borrowers facing big rate resets. He said he was discussing options to expand the availability of mortgage products for this purpose with the government-sponsored housing enterprises Fannie Mae and Freddie Mac and other mortgage product providers.’

We like this topic but always come away hungry for details and examples. We’re still hungry.

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Photo credit: Treasury.gov