Number 3 – housing and mortgages

What is your plan to get hardworking families back into homes after the recent foreclosures.

Obama recognizes it’s a community issue, not just a family issue. A foreclosure can lower comps.

1. He proposes a $10 BILLION dollar fund to counsel and encourage homeowners and lenders. Bridge money may be available.
2. Change the bankruptcy law. You can renegotiation your second mortgage under the foreclosure law, but not your first.
3. Tighter regulation on the mortgage industry. (Oops. The R word again.) He claims the loans have been deceptive.
4. Problem lies in the lack of affordable house. There’s not a metropolitan area in the country where if you make minimum wage, you can afford rent. He wants an affordable housing trust fund.