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The Washington Independent

Did McCain Get His Mortgage Plan From Hillary Clinton?

Here’s more history on Sen. John McCain’s mortgage plan, this time from The Wall Street Journal’s blog. Apparently, the idea has an interesting history: It

Daisy-Mae Schmitt
News
Last updated: Jul 31, 2020 | Oct 08, 2008

Here’s more history on Sen. John McCain’s mortgage plan, this time from The Wall Street Journal’s blog. Apparently, the idea has an interesting history:

It actually is a plan that has been proposed before–and pitched again twice in the past week–by professors Glenn Hubbard and Chris Mayer of Columbia University and Marty Feldstein of Harvard University. It also resembles a plan proposed by Democratic Rep. Barney Frank of Massachusetts and Democratic Sen. Chris Dodd of Connecticut in March to auction off mortgages and allow them to be refinanced by the Federal Housing Administration. The Frank-Dodd legislation would have given the FHA $20 billion to buy and refinance as much as $300 billion of mortgages. It was supported by New York Sen. Hillary Clinton during her primary campaign for the Democratic presidential nomination.

We’ll be learning more as the day goes on.

Daisy-Mae Schmitt | Daisy-Mae is obsessed with inventing new ways to create awesome content that's absurdly useful and successful, with over ten years of editorial and inbound marketing experience. She also serves as a reporter, strategist, interviewer, mentor, and therapist for in-house contributors and clients.

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