Colli Real Estate

What is Obama going to change in the mortgage and banking areas?

I am just kinda confused. I was having a discussion with some people and want some smarter outside opinions and the mainstream news is definitely not the best source…
From what i understand he is planning on tightening down on government regulation of certain industries including banks and/or lenders?…whats going to happen with that?

In the mortgage area, advocating mortgage modifications for people in danger of foreclosure, and lowering the interest rates, length of the loan, and the ratio of income to payment. 31-36% max.
Banks that have taken advantage of bailouts are directed to do everything possible to help prevent foreclosures, but it isn’t mandatory. So it depends on the banking institution. There are HUD approved counselors and a website.

Mortgage industry troubles

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