Part of the 75B mortgage plan -
Finally, the plan bolsters the amount of money allocated to Fannie Mae and Freddie Mac in an effort to keep mortgage rates low and entice new homebuyers into the market, since new buyers are what's needed to drive down the number of extra houses for sale.
So lets lower interest rates so people buy houses which will once again artifically inflate home prices so that the people who are under water in the homes will be ok. Sounds like a plan to me.
We cannot continue to blow air into a bubble, the bubble has burst.
