Anyone who has an interest in mortgages -- and that's just about all of Wall Street and Main Street these days -- will want to check back in Thursday.
One of the key events of the day will be when Bush administration officials, including Treasury Secretary Henry Paulson, and members of the mortgage industry brief reporters on efforts to help homeowners stay in their houses amid the ongoing credit crisis.
The Wall Street Journal
says President Bush is planning to outline a proposal to freeze some adjustable rate mortgages for five years, while fast-tracking other homeowners to refinanced loans.
Governor Randall Kroszner will testify on loan modifications and foreclosure prevention before the House Committee on Financial Services.
Meanwhile, earnings will make a bit of a comeback, with results due from
, among others.
The only economic item on the U.S. calendar is weekly initial jobless claims from the Labor Department, but overseas, both the Bank of England and the European Central Bank will have policy meetings.
, Melissa Davis will explain why
might want to draw up a new battle plan, and Vishesh Kumar will examine
Additionally, Jeffrey Strain will detail 10 gas-saving myths that you must know about in order to truly save money.