In-Fighting Feds Slow Structuring Of Foreclosure Prevention Plan

The Wall Street Journal reports:

• Disagreements over how to structure a federal foreclosure-prevention program are complicating and potentially delaying what is likely to be the Bush administration's last attempt to forestall sliding home prices.

• The White House and the Federal Deposit Insurance Corp. are at odds over basic questions about the effort's size and breadth, several government officials said. The expectation that a new president could immediately redraw the design and scope of any plan has further delayed matters.

For more, see Homeowners Wait as Relief Plan Drags (may require subscription; if no subscription, try here, then click link for story).