Obama's Housing Hopes Might Be Too High

Law360, New York (February 13, 2013, 8:04 PM EST) -- Despite President Barack Obama's call for Congress to ease mortgage refinancing rules for millions of homeowners during his State of the Union address Tuesday night, experts say hope remains low for any type of meaningful housing reform until the economy shows more marked improvement.

The president touched on housing for only a minute, adding it to the long list of issues that need to be addressed as the economy slogs out of recession. But he used the opportunity to ask Congress why it has waited so...
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