The Ticker
Doubts linger about another extensive plan for underwater borrowers
12/27/12 1:19pm
America's housing market doesn't need another government bailout, writes Agnes Crane for Slate. But the White House is mulling plans to rescue homeowners trapped by underwater mortgages and above-market mortgage rates by allowing them to refinance into cheaper government-backed loans. Luckily, its latest musings look like a pipe dream.
