Administration Looking for Ways to Revive Housing

New York, NY, July 12, 2011 -- The Obama administration is accelerating talks about how to revive the housing market, according to the Wall Street Journal.

President Obama last week acknowledged that housing hasn't bottomed out as fast as he had expected.

Policy ideas include making it easier for investors to secure loans by having mortgage giants Fannie Mae and Freddie Mac relax their rules and increasing incentives for banks to lower loan balances, the Journal reported.