“The Obama administration is considering further actions to strengthen the housing market, but the bar is high: plans must help a broad swath of homeowners, stimulate the economy and cost next to nothing. One proposal would allow millions of homeowners with government-backed mortgages to refinance them at today’s lower interest rates, about 4 percent….” (New York Times)
Déjà vu.
FEE Timely Classic
“Stop Insuring Mortgages” by John Stossel