The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials.
The move would further cement the government's role in propping up the housing market even as some lawmakers push to curb spending at a time of rising debt.
Thursday, October 01, 2009
More mortgages for financially-questionable borrowers
From The Wall Street Journal, via Cafe Hayek: