What Obama's Re-Election Means for Housing
New mortgage regulations and interest deduction won in 2012 election, but the best shot at more principal reductions might have been lost
The candidates were short on specifics about their housing policy throughout the 2012 presidential campaign.
But what the candidates DIDN’T say helps draw out the differences between what housing policy will look like during Obama’s second term and what housing policy would have looked like with a Romney administration.
Here’s what Obama’s re-election means for housing:
- The refinancing push continues
- New mortgage regulations are coming
- The mortgage interest deduction lives to fight another day
- A chance for principal reductions may have been lost
