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The President, Not Truly In Touch With Housing

The new regulations in regards to potential homeowners qualifying for a mortgage are not going to help the housing market recover.

I listened to the President’s State of the Union address. What he said and what is reality are worlds apart.

Unemployment at near 8% and I don’t see these numbers changing anytime soon. How does this help housing? As a result of Dodd-Frank, the future QM rules which limit the debt ratio to 43% or less for folks wanting to purchase or refinance, will take about 25% away from the market. How does this help housing?

The growing Federal deficit is totally out of control. I have already agreed to pay more in taxes, but nothing is being proposed that reduces spending. How is this helping housing? The cost of home heating, gasoline and electricity continues to move up. How is this helping housing?

President Addresses Housing Concerns, Demands Congressional Action

By: Krista Franks Brock

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