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2011-10-24 — nationalmortgagenews.com
``"What unintended consequences have been created by subsidizing the 30-year fixed-rate mortgage? And what has the subsidy of this product already cost the American taxpayer?" Shelby asked. "We need to take a hard look at this product and determine if the preferential pricing resulting from these subsidies truly creates a public good." Shelby was careful not to commit to whether he favored abandoning the 30-year fixed-rate mortgage as part of a reformed mortgage-finance system, but his questions suggested he was eyeing such a move.''
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