Banks Asked to Ramp Up Loan Help: U.S. Wants 500,000 Mortgage Modifications by Nov. 1; Firms Ask for Clarity

The Washington Post reports:

Senior administration officials pressed executives from the nation's largest banks Tuesday to speed help to distressed borrowers after a frustrating start to the government's foreclosure-prevention effort and set a goal of more than doubling the number of homeowners receiving aid by November.

Great moments in central planning.