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Get Out and VOTE Tuesday! Where are the Candidates on Housing

November 2nd, 2008 categories: Columbus News

If you haven’t voted early, do it Monday or stand in line Tuesday and take part in what makes America special.  Wondering where the presidential candidates are on Housing

Sen. John McCain:

• Direct assistance to homeowners. No taxpayer money should go to real estate speculators who made bad decisions about investments. 
  
• Reform financial and lending systems to prevent a repeat.
  
• Require participating lenders to forgive part of subprime borrowers’ loan principals and place them into new 30-year Federal Housing Administration loans.
  
• Give financing to municipal and civic groups trying to solve problems within their own communities.

Sen. Barack Obama

• Create a standardized disclosure plan that allows for full-disclosure of loan costs and provisions. 
  
• Crack down on mortgage fraud.
  
• Give a mortgage credit to those who don’t itemize deductions.
  
• Create a fund to help homeowners who face foreclosure refinance.
  
• Allow bankruptcy courts to modify a homeowner’s mortgage payments.

Source: The San Diego Union-Tribune, Lori Weisberg

This entry was posted on Sunday, November 2nd, 2008 at 12:46 am and is filed under Columbus News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Get Out and VOTE Tuesday! Where are the Candidates on Housing”

1. 18438
   Ross Tyler
   November 12th, 2008

   k2uotdi3b4hjrl0g

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