Romney First to Get Specific on Housing (Qualified Mortgage Overview)

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Posted To: MND NewsWire

Key housing policies on the horizon are complex and it’s difficult to explain them in simple terms. This is why we haven’t heard much from the Presidential candidates on housing … until last night’s debate anyway. Romney mentioned the proposed “ Qualified Mortgage ” rules that are part of Dodd Frank and overseen by the Consumer Financial Protection Bureau (CFPB). Here’s what he said: "We have to have regulation on Wall Street. But I wouldn’t designate 5 banks as too big to fail and give them a blank check. That’s one of the unintended consequences of Dodd Frank, it wasn’t thought through properly. We need to get rid of that provision because it’s killing regional and small banks. They’re getting hurt. Let me mention another...(read more)

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Source: www.mortgagenewsdaily.com

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