“The housing market faces the prospect of a new round of foreclosures as hundreds of thousands of risky home loans known as option adjustable-rate mortgages reset to significantly higher payments that could force borrowers to fall behind, according to a report released Tuesday by Fitch Ratings.” (Washington Post, Wednesday)
The fruits of government housing policy.
FEE Timely Classic
“Why Laws Backfire” by Marisa Manley
