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White House representatives address congress about the rising foreclosures and mortgage difficulties in the US. Martin Crutsinger of the AP wrote this about it:

WASHINGTON (AP) — The Bush administration assured Congress on Friday that it is aggressively working to deal with a rising tide of mortgage foreclosures in the country.

Officials, however, said homeowners threatened with the loss of their homes must do their part by actively seeking help to avert foreclosures.

Robert K. Steel, Treasury’s undersecretary for domestic finance, and Brian D. Montgomery, an assistant secretary at the Department of Housing and Urban Development, said the administration has a comprehensive plan and is working with an industry group formed to deal with the looming foreclosure crisis.

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