All Commentary
Thursday, August 25, 2011

Government Refinancing of Mortgages Being Mulled


“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