Today’s news:

U.S. treasurer will host SE Qns. subprime talks

U.S. Treasurer Anna Escobedo Cabral is expected to make a special presentation at the "Rescue Your Home" seminar Saturday at P.S. 156, located at 229-02 137 Ave. The workshop, the first in a series of seminars, will help southeast Queens foreclosure victims learn how save their homes from housing counselors and legal services."The residents of my communities have been struggling to sustain the dream of owning a home," the councilman said in a statement. "These workshops will provide them with the tools, knowledge and assistance they need to make sure they do not fall victims to this crisis."Cabral was nominated by President George W. Bush in 2004 to serve as U.S. Treasurer. She was the former director of the Smithsonian Institution's Center for Latino Initiatives and the former president of the Hispanic Association on Corporate Responsibility, a non-profit organization that promotes minority representation in big business.She also served as a deputy staff director for the U.S. Senate Judiciary Committee.Subprime mortgages are loans that begin with small interest rates, but then increase quickly and result in higher mortgage payments. The loans have been popular among lower and middle-income residents of neighborhoods such as Springfield Gardens, Rosedale, Laurelton and the Rockaways, and have led to a large increase in home foreclosures, according to Sanders.For more information on the "Rescue Your Home" seminar, call 718-471-7014.Reach reporter Ivan Pereira by e-mail at or by phone at 718-229-0300, Ext. 146.

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