Mitt Romney’s stance on mortgage refinancing proposals will pit his Republican colleagues against one of his top economic advisers. A controversial mortgage policy proposed by the Obama administration that would accelerate the amortization of underwater loans has gained the support of Columbia Business School Dean Glenn Hubbard, Romney’s adviser, but drawn criticism from Republicans, the Wall Street Journal noted. The program, officially introduced by Oregon Senator Jeff Merkley, calls for Fannie Mae and Freddie Mac [more]
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