SECURING THE AMERICAN DREAM AND THE FUTURE OF HOUSING POLICY
Securing The American Dream And The Future Of Housing Policy
EXECUTIVE SUMMARY
The Romney-Ryan Plan To End The Housing Crisis
The Romney-Ryan plan will reduce the outsized role of the government and revitalize the private sector’s role in the housing market to end the housing crisis and preserve the American Dream of homeownership.
End “Too-Big-To-Fail” And Reform Fannie Mae And Freddie Mac: A Romney-Ryan Administration will protect taxpayers from additional risk in the future by reforming Fannie Mae and Freddie Mac and provide a long-term, sustainable solution for the future of housing finance reform in our country.
Responsibly Sell The 200,000 Vacant Foreclosed Homes Owned By The Government: The Romney-Ryan plan will get the federal government out of the landlord business by responsibly selling 200,000+ vacant foreclosed homes in a way that will enhance communities. This will eliminate over half of the foreclosed homes that are blighting neighborhoods.
Make Foreclosure Alternatives Easier: A Romney-Ryan Administration will make it easier for homeowners to get alternatives to foreclosure, such as short sales, deed-in-lieu-of-foreclosure and shared appreciation.
Sensible, Not Overly Complex, Financial Regulation That Gets Credit Flowing Again: By replacing the Dodd-Frank Act with sensible regulation, a Romney-Ryan Administration will usher in a new era of responsible lending with sensible regulation to allow banks to approve loans to families with good credit rather than rejecting their mortgage applications.
Improve The Job Market: The best way to help the housing market is to get the economy going and get America back to work. The Romney-Ryan jobs plan will create 12 million jobs in the next four years.
Copy of their full policy below…
We’re surprised they even brought it up…
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4closureFraud.org
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Securing The American Dream And The Future Of Housing Policy
There is no such thing as an alternative to foreclosure. The only solution is to criminally prosecute the banksters and their friends, and get retribution for the victims (borrowers and investors).
Neither of them know one thing about what is going on with homeowners in foreclosure, but Romney at least is talking about it. If I hear one of them say he will find a way to force the plaintiff to prove history of the note by true sale leading to to the plaintiff and its right to foreclose (which does not mean multiple fake undated indorsements stamped on a copy of a note), then I might get out of bed on election day. If that man also says he will find a way to force the plaintiff to show where my payments have been applied and discharged dollar for dollar, I will leave home and vote for him.
Have you done any inquiries as to compelling bank to give you a true accounting of your payments; I know you may say a QWR doesn’t necessary get you the answers, but going thru the court to force an accounting will.
Will he ask for legislation to extinguish all of this insolvent debt in a bankruptcy…?
Sensible regulation? Romney proposes to do away with Dodd-Frank, which already has been delayed or watered down by the Banksters. Also, folks with “good credit” were famously given predatory loans. Romney is a private equity vulture, and this executive “memo” is laughable in it’s base idiocy, but hey, it’s campaign season. Obama may have to counter with his own Executive Summary offering deadbeats an alternative to fraud n’ foam.
The Obama administration has completely caved to and protected Wall Street hoods, it would be tough for Romney to beat that record, though he’d like to try. A pointless election.
Just heard on the news that black stone is buying up foreclosed homes from the banks in Tampa. Mmjust what we needed first wall street steals from homeowners then private equity wants to profit again by kicking the homeowner out of the home and have them rent the home. What a travesty America has become!
“Make Foreclosure Alternatives Easier: A Romney-Ryan Administration will make it easier for homeowners to get alternatives to foreclosure, such as short sales, deed-in-lieu-of-foreclosure and shared appreciation.”
No where did your read modification alternatives. Note. Short sales, deed in lieu of and whatever share appreciation is happening now. It is called gutting the housing market, wiping it clean and starting over.
Really, I don’t know why I bother. They have said nothing really. Right now the banks are shorting as long as the homeowner agrees to sell the property without helping them stay in the home. In SHORT, pardon the pun, it means selling the house cash to some investor who will put it in a package with property management capability and sell it to an out of the area investor with the promise to manage the rental. Houses are selling bulk (multiples) here like credit derivative packages to LLCs. Sound familiar?
This is what is being touted here.
Nothing new on the plate that hasn’t already been served. . . . warmed over slop.
Time to move on, same old spin.
Short sales are selling 40-50% on the dollar yet we can’t get a 10% reduction in principal and a decent rate!
Get an audit and force them to reduce your principal if there are any violations found. Use your knowledge to force them. I know of some who have succeeded in this manner.
http://mariokenny.me/2012/09/20/foreclosure-defense-and-mitt-romney/ well considering that he is one of the people who made so much money from foreclosures I think his words are empty