Obama Considers New Housing Solutions

The Obama administration is considering several new ideas to help shore up the struggling housing market. As first reported by The New York Times this week, one proposal would allow homeowners with government-backed mortgages to refinance them at the current, lower interest rates. Host Scott Simon talks with Columbia University's Christopher Mayer, who helped introduce the mortgage refinancing proposal in 2008.

Source: http://www.npr.org/2011/08/27/139990500/obama-considers-new-solutions-for-the-housing-market?ft=1&f=1014

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