Paulson: U.S. housing credit risks contained
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U.S. Treasury Secretary Henry Paulson  said on Tuesday that a weakened housing market will not have a  major impact on the U.S. financial sector, which he described  as quite healthy.
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Homeowners unable to pay monthly mortgage bills and facing foreclosure shouldn't count on help from Washington this year. Regulators and lawmakers seem to be taking a wait-and-see approach as they confront the fallout from several years of lenders making too many home loans to people with inadequate credit.
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Treasury Secretary Henry Paulson on Wednesday said that problems with U.S. subprime mortgages will take longer to correct than those in other financial markets due to the wave of interest rate resets coming over the next two years.
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Washington Post business columnist Steven Pearlstein discusses the housing crisis, credit crisis and the Fed's new rules on mortgage lending.
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U.S. Treasury Secretary Henry Paulson  has launched a review of disaster planning for the financial  markets, the Financial Times reported on Saturday.
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NEW YORK/LONDON  - France's Nicolas Sarkozy warned on Thursday that the U.S. home loan crisis was a threat to world growth, while a Bank of Japan policy-maker said the recent market turmoil has been overdone.
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Treasury Secretary Henry Paulson on  Friday said that it will take time to work through the problems  contributing to current financial market turmoil but expressed  confidence U.S. growth will not be derailed.
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The Fed chief and Treasury Secretary Paulson note tightening credit markets but expect a return to normal.
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U.S. Treasury Secretary Henry  Paulson said on Monday that moves by some banks, including  Citigroup , to bring off-balance sheet investments tied to  subprime mortgages back onto their books would help ward off a  widespread credit crunch.
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Treasury Secretary Henry M. Paulson acknowledged the United States is experiencing a âsignificantâ housing market downturn but the economy should avoid recession.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime crisis, some quicker than others, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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The U.S. economy will be penalized by the current crisis in credit markets but the overall outlook was still benign, U.S. Treasury Secretary Henry Paulson said in a newspaper interview published on Thursday.
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U.S. Treasury Secretary Henry Paulson said on Tuesday a decline in U.S. housing activity has caused some damage in subprime mortgage markets but was not hurting the overall economy.
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U.S. Treasury Secretary Henry Paulson   has launched a review of disaster planning for the financial   markets, the Financial Times reported on Saturday.
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WASHINGTON - Treasury Secretary Henry Paulson yesterday said the turbulence that has hit financial markets will take time to be resolved, especially in the area of subprime mortgages.
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Financial market turbulence in the wake of the US home loan crisis constitutes a healthy correction, European Central Bank governing council member Yves Mersch said Tuesday in an interview.
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ORLANDO, Florida  - U.S. Treasury Secretary Henry Paulson said on Monday that moves by some big banks to bring off-balance sheet investments tied to subprime mortgages back onto their books would help ward off a widespread credit crunch.