President Obama's home refinancing plan seeks to let a million or more
American homeowners save money on their mortgages, even if those loans
are underwater. But the plan announced Monday is not a new idea: A pair
of economists at Columbia University — Chris Mayer and Glenn Hubbard —
have been proposing a similar measure for years.
Media & TV Appearances
NPR - The Potential Reach of Obama's Refinancing Plan
President Obama's home refinancing plan seeks to let a million or more American homeowners save money on their mortgages, even if those loans are underwater. But the plan announced Monday is not a new idea: A pair of economists at Columbia University — Chris Mayer and Glenn Hubbard — have been proposing a similar measure for years.