How current events impact your business and real estate holdings

Wednesday, August 07, 2013

The President: "A Better Bargain for the Middle Class: Housing"

When the President speaks on housing, its a must to know the facts. The Fact Sheet from the President's speech on August 5, 2013 lays out the following key goals:
  1. An increase in refinancing before interest rates go up 
  2. Cutting red tape
  3. Increasing home values by fixing our broken immigration system
  4. Helping the hardest hit communities rebuild
  5. Increasing decent & affordable options for renters
Of particular interest was the President's goal to put private capital at the center of the housing finance system by stating that current "government guarantees [of] more than 80% of all mortgages through Fannie Mae and Freddie Mac and FHA, is unsustainable".