Paulson sees alliance fixing more subprime loans

WASHINGTON (Reuters) - Treasury Secretary Henry Paulson said on Wednesday that he believes data due later this week will show that "a good number" of subprime borrowers are being helped by a mortgage industry alliance to modify their home loans.

Paulson, in testimony to the Senate Budget Committee, said if the Hope Now Alliance of mortgage lenders, servicers and other related firms is not aiding increasing numbers of borrowers, "I'm going to be all over them."

"I believe what we're going to see is that a good number of people are going to be helped because they are going to be fast-tracked into a quick modification or refinancing," Paulson said.

(Reporting by David Lawder; Editing by Dan Grebler)