Democrats press for more aid to mortgage borrowers« Thread Started on Oct 3, 2007, 9:46pm » --------------------------------------------------------------------------------Democrats press for more aid to mortgage borrowersBy Robert Schroeder, MarketWatchread at source> http://www.marketwatch.com/news/story/de....0-B921 662E0E4FWASHINGTON (MarketWatch) -- Top Senate and House Democrats pressed for more aid to subprime-mortgage borrowers Wednesday, saying that more funding is needed to prevent foreclosures, that Fannie Mae and Freddie Mac should be allowed to buy more loans, and other measures should be taken. "This is a national crisis," said Senate Majority Leader Harry Reid, D-Nevada, at an event on Capitol Hill. The lawmakers said that action is needed from the White House, the Federal Reserve and Congress itself to help head off foreclosures. By Robert Schroeder, MarketWatchLast Update: 4:03 PM ET Oct 3, 2007Print E-mail Subscribe to RSS Disable Live Quotes WASHINGTON (MarketWatch) -- Top Senate and House Democrats pressed for more aid to subprime-mortgage borrowers Wednesday, saying that more funding is needed to prevent foreclosures, that Fannie Mae and Freddie Mac should be allowed to buy more loans, and other measures should be taken. "This is a national crisis," said Senate Majority Leader Harry Reid, D-Nevada, at an event on Capitol Hill. The lawmakers said that action is needed from the White House, the Federal Reserve and Congress itself to help head off foreclosures.