The Corner

Romney’s Housing Plan

Mitt Romney released a few more details on his housing policy today:


 The Romney-Ryan Plan To End The Housing Crisis

The Romney-Ryan plan 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.

End “Too-Big-To-Fail” And Reform Fannie Mae And Freddie Mac:  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.

Responsibly Sell The 200,000 Vacant Foreclosed Homes Owned By The Government: 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. This will eliminate over half of the foreclosed homes that are blighting neighborhoods.

 Make Foreclosure Alternatives Easier:  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.

Sensible, Not Overly Complex, Financial Regulation That Gets Credit Flowing Again: By replacing the Dodd-Frank Act with sensible regulation, a Romney-Ryan Administration 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.

Improve The Job Market:  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. 

The full white paper — which doesn’t offer much more in the way of concrete details regarding how specifically, for instance, Fannie and Freddie will be reformed — can be read here.

Katrina Trinko — Katrina Trinko is a political reporter for National Review. Trinko is also a member of USA TODAY’S Board of Contributors, and her work has been published in various media outlets ...

Most Popular


Courage: The Greatest of Virtues

EDITOR’S NOTE: The following is Jonah Goldberg’s weekly “news”letter, the G-File. Subscribe here to get the G-File delivered to your inbox on Fridays. Dear Reader (Or Listener), As the reporter assigned the job of writing the article about all of Sidney Blumenthal’s friends and supporters told his ... Read More

My American Dream

This morning, at 8 a.m., I did something I’ve wanted to do for as long as I can remember: I became an American. I first applied for a visa in early 2011, and since then I have slowly worked my way through the system — first as a visa-holder, then as a permanent resident (green card), and, finally, as a ... Read More

The Gun-Control Debate Could Break America

Last night, the nation witnessed what looked a lot like an extended version of the famous “two minutes hate” from George Orwell’s novel 1984. During a CNN town hall on gun control, a furious crowd of Americans jeered at two conservatives, Marco Rubio and Dana Loesch, who stood in defense of the Second ... Read More