H.R. 5830, the Frank-Dodd FHA Refinance Plan, Is Still the Wrong Policy for the Housing Mess
Publication Date: May 2008
Publisher(s): Heritage Foundation (Washington, D.C.)
Author(s): David C. John
Keywords: Economy; mortgages; subprime; bailout
Coverage: United States
Chairman Barney Frank (D-MA) of the House Financial Services Committee has proposed H.R. 5830, which would use the Federal Housing Administration (FHA) to refinance at-risk mortgages at a lower interest rate in return for a cash fee.