What’s To Like and Not Like in the Fed’s New Housing Market Proposals

The Federal Reserve this past week issued aggressive and controversial recommendations for dealing with more $7 trillion in housing wealth loss since the onset of the Great Recession. Many economists agree that housing holds the key to a stronger and more widespread recovery in the U.S., and the Fed’s recommendations are intended to address the buildup of surrendered and foreclosed housing inventory that continues to dampen consumer confidence.

The…