• Most Popular
  • Most Shared

Bush: Dial 1-800-OOPS for housing help

WASHINGTON
Thu Dec 6, 2007 4:15pm EST

WASHINGTON (Reuters) - U.S. homeowners who could face crippling mortgage payments will have a hard time getting help if they call a telephone number President George W. Bush recommended on Thursday -- he gave them the wrong number.

Barack Obama  |  Regulatory News  |  Bonds  |  Housing Market

"I have a message for every homeowner worried about rising mortgage payments: The best you can do for your family is to call 1-800-995-HOPE," Bush said after a White House meeting with administration officials and lenders on a new plan to help.

Unfortunately he was a couple digits off, it is actually 1-888-995-HOPE (4673). That gets you through to the Homeownership Preservation Foundation, a nonprofit group which offers free housing counseling for homeowners.

Moments after Bush completed his remarks, a White House aide told reporters the president misspoke and gave the correct number.

Calls to the wrong number Bush gave out were met with a busy signal. A search on the Internet showed it belongs to the Freedom Christian Academy which offers religious-based curriculum for home schooling and is located in Ponder, Texas northwest of Dallas.

(Reporting by Jeremy Pelofsky, Editing by David Storey)



More from Reuters

Photo

Senate on track to pass healthcare bill

WASHINGTON (Reuters) - Senate Democrats moved closer on Monday to passing landmark healthcare legislation by Christmas after scoring a win in the first big test vote and gaining the support of a powerful lobbying group for doctors. | Video

Photo

Political risk clouds Asia

The economic outlook is strong, but the danger of a sudden correction hangs over Asian markets - as political risks could turn sunshine to storm clouds in the blink of an eye.  Full Article 

Two men shake hands in a file photo.    REUTERS/File

Let's make a deal

The battered M&A sector will make a tepid recovery in the coming year and three hot sectors will lead the way, according to a Thomson Reuters analysis.  Full Article