The story

The Bush administration Tuesday announced a plan to help struggling homeowners avoid losing their homes to foreclosure.

The program would let qualified homeowners who are at least 90 days late on their mortgage payments pause the foreclosure process for 30 days.

During the extra time provided by the program -- called Project Lifeline -- lenders and borrowers would try to work out more affordable terms, said Secretary of the Treasury Henry Paulson. Read full article »

CNN's Scott Spoerry contributed to this report.

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