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Did McCain Get His Mortgage Plan From Hillary Clinton?

Last updated: 07/31/2020 08:00 | 10/08/2008 08:13
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Adaline Fritz

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.

Adaline Fritz | Adaline's upbeat, can-do attitude and nurturing disposition make her perfect for understanding each client's wants and needs and skillfully directing them toward their real estate objectives. Adaline has experience in all facets of the real estate process, having started in the administrative sector and progressed to operations before achieving success in real estate sales. She earned a Bachelor of Science degree in Psychology from San Diego State University and Western Oregon University, and returned to the Portland area in 2011 to pursue a career in real estate. She also loves traveling, working out, and spending time on the water during Portland's beautiful summers.

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