03/28/2008 02:45 am ET | Updated May 25, 2011

Paulson To U.S.: Subprime Help Is On The Way

The U.S. government is working hard to give relief to struggling mortgage holders, Treasury Secretary Henry Paulson said Monday.

"We are working aggressively and quickly, utilizing available tools and creating new ones, to help financially responsible but struggling homeowners," he said in a speech at a housing conference sponsored by the Office of Thrift Supervision.

Paulson outlined the latest government and industry efforts to help struggling home owners keep their homes. The plan included reaching more struggling borrowers and finding affordable mortgage solutions.

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