Where's the hyperbole? You cherry pick one part of an article that doesn't even provide the complete context of what the Administration is trying to do. Little wonder you think you think you think that high interest rates in the 80s will pay for your Canadian pension. No, the title is in fact fair.
The sentence before the one you quoted:
In response, administration officials say they are working to get banks to lend to a wider range of borrowers by taking advantage of taxpayer-backed programs — including those offered by the Federal Housing Administration — that insure home loans against default.
The sentence after the one you quoted:
Officials are also encouraging lenders to use more subjective judgment in determining whether to offer a loan and are seeking to make it easier for people who owe more than their properties are worth to refinance at today’s low interest rates, among other steps.
Obama pledged in his State of the Union address to do more to make sure more Americans can enjoy the benefits of the housing recovery, but critics say encouraging banks to lend as broadly as the administration hopes will sow the seeds of another housing disaster and endanger taxpayer dollars.