"If elected president, Mitt Romney would reform Fannie Mae and Freddie Mac, sell 200,000 vacant foreclosed homes owned by the government and promote "sensible, not overly complex" financial regulation that gets credit flowing again.
He would also "spare thousands of families from going through the
foreclosure process" by making foreclosure alternatives easier.
How would he go about doing this? As with an abridged version of the plan
that appeared on the campaign website a few weeks ago, this seven-page
white paper (including the title page) called "Securing the American
Dream and the Future of Housing Policy" includes no details.
It does, however, include a bit more blame.
President Barack Obama's housing programs "have been poorly
administered with constantly changing terms and overstated goals that
have never been met," the plan says.
Romney also notes in his plan that Obama's signature financial
regulation law, the Dodd-Frank Act (which hurts small business, Romney
says) did nothing to reform Fannie Mae and Freddie Mac, which currently
owe taxpayers $140 billion.
Yet Romney's plan doesn't say what he would do differently. Instead,
it makes broad policy statements that suggests the answer will include
rolling back regulations."
No matter what side of the political fence you stand on I don't believe either candidate will do anything about the housing mess.