Large Scale Mortgage Refinancing Results

Some good,thoughtful analysis by CBO on the outcomes of large mortgage re-financing programs. It does not surprise me in the least that the analysis concludes that the benefits (gains) of such schemes by a few, roughly equal the losses for the many . We have tried 5 major programs in less than 3 years and still the housing markets continues downward. Maybe it is time to let the market clear and find a bottom so we can move forward .