Hillary on Housing

Amazing, simply amazing. You don’t get any more progressive than Clinton’s
plan for attacking the housing crisis in this country. I could go on, but I’ll
let her plan do
the talking. I’ve just outlined the major points, so make sure you catch
the details on her website.

Senator Clinton’s plan will curb mortgage abuses, assist families facing foreclosure, and expand affordable housing to protect the American dream of home ownership. She will introduce her plan when Congress returns in September. Crack Down on Unscrupulous Brokers: Require mortgage brokers to disclose to borrowers that their compensation rises when borrowers’ mortgage rates and mortgage fees are high. … .. Work with states to develop strong licensing standards and require federal registration for mortgage brokers. … .. Crack Down on Mortgage Lending Abuses: Eliminate prepayment penalties on mortgage products. … .. Require mortgage lenders to include the cost of taxes and insurance in the underwriting assessment of higher-risk mortgages. … … Help Reduce Foreclosures: Establish a $1 billion fund to assist state programs that help at-risk borrowers avoid foreclosure. … .. Expand Fannie Mae’s and Freddie Mac’s Foreclosure Prevention Efforts. … .. Expand Affordable Housing: Establish a $1 billion fund to provide federal support to housing trust funds established by state, county, and municipal governments. … .. The plan announced today supplements the plan Hillary announced earlier this year to address the problems in subprime mortgages. … .. Protecting the Dream of Home Ownership

This is critically important legislation that strikes at the core of progressive
governance. Everyone should get on board.