Money

Freddie Mac, the taxpayer-owned mortgage giant, has placed multibillion-dollar bets that pay off if homeowners stay trapped in expensive mortgages with interest rates well above current rates. Freddie contends it is “actively supporting efforts for borrowers to realize the benefits of refinancing their mortgages to lower rates” more »

It’s worth taking a step back and considering all the confusing names, and all the confusing money that might be spent in the coming months. It's worth considering how we got to this new frontier, which even campaign operatives say is messy more »

"Although there is no miracle cure here, these actions have the potential to help the economy recuperate more quickly than I currently expect it to, moving us closer to full employment sooner and improving the lives of many Americans." more »

Launch a rehab-to-rent program to turn tens of thousands of government-owned foreclosed homes into affordable rental housing, stabilize neighborhoods, and put construction workers back on the job: 20,000 new jobs a year. Protect funding for community health centers over the next five years to provide health and related services at clinics and in the local business communities: 300,000 new jobs. more »