Housing rescue expanded to include more borrowers

The Obama administration said it is expanding its housing rescue to include borrowers with mortgages worth as much as 125% of the value of their home. The program originally covered homeowners whose mortgages are worth 105% of their home's value. The move is an acknowledgment that housing programs have not done enough to help struggling homeowners. The change "will make a critical difference in our ability to help many more Americans ... to stay in their homes," said Shaun Donovan, secretary of Housing and Urban Development.

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