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A foreclosure sign hangs in front of a home. (Photo by Joe Raedle/Getty Images)

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President's plan aims to stem foreclosures, but will it work?

Broadcast: Midmorning, 12/06/2007, 9:45 a.m.

President Bush announces a plan to help out some subprime mortgage holders whose rates will jump in the next few months. Critics say the plan helps only a small percentage of troubled borrowers and may be difficult to implement.

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  • Greg McBride: Senior financial analyst at Bankrate.com, a personal finance website.

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