President Bush has reportedly reached an agreement with major mortgage firms to freeze interest rates for five years for some homeowners facing foreclosure. The plan would apply to qualified homeowners who got adjustable-rate subprime mortgages between January 1, 2005 and July 31 of this year. The New York Times reports the deal contains numerous limitations that would exclude many, if not most, subprime borrowers. Any homeowner who is behind in mortgage payments will not be eligible for the deal. Meanwhile, New York Attorney General Mario Cuomo has sent subpoenas to Wall Street firms seeking information about their role in the subprime mortgage crisis. The subpoenaed firms include Merrill Lynch, Bear Stearns and Deutsche Bank.