Alan J. Heavens' excellent analysis in the Philadelphia Inquirer 2/12/12

Alan J. Heavens' excellent analysis in the Philadelphia Inquirer 2/12/12

I’m finally scanning some of the pieces I’ve saved from the Inquirer.  Alan J. Heavens has written the real estate column for years in the Philadelphia Inquirer.  This column really stands out.  It is unusual for any writer in a large paper to be this transparent, “The Obama Administration’s record bringing this situation under control is abysmal.”

Get that?  Read it again:  “ABYSMAL.”   Heavens goes so far as to accuse Obama of using the real estate market as “election year posturing” in his (now mostly forgotten) State of the Union address.  The President’s latest proposal is to allow loans not owned by FNMA or FHLMC to be refinanced by the FHA.  Heavens describes (with generous sourcing) why this will not work.  Heavens makes some suggestions of what will work.