September 24, 2012
On September 21, the Romney for President campaign posted on MittRomney.com a white paper on housing, titled “Securing The American Dream And The Future Of Housing Policy.” The paper states that the Romney-Ryan plan to end the housing crisis “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.”
The plan also states that:
- 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.
- 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, reducing the inventory of foreclosed homes that are blighting neighborhoods by more than half.
- 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.
- A Romney-Ryan Administration, by replacing the Dodd-Frank Act with sensible regulation, 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.
- 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.