Sweeping changes to housing likely on backburner following election

Miami /
Nov.November 07, 2012 03:45 PM

Does President Barack Obama’s reelection mean sweeping changes to the housing sector? Perhaps down the road, but not in the near future, according to a HousingWire report.

Ed DeMarco, the acting head of the Federal Housing Finance Agency, is not likely to leave his post anytime soon, since there is no immediate replacement for him, and Obama is likely to keep him around to lessen the threat of a fiscal cliff early next year, HousingWire said, citing analysis from Compass Point Research & Trading, an investment research firm.

Additionally, it is unlikely that lawmakers will forge ahead with the Menendez-Boxer legislation, which would expand refinancing options, according to Compass Point.

Meanwhile, the Mortgage Bankers Association is calling for changes. In a statement issued today, the trade group renewed its call for President Obama to “appoint a federal housing policy coordinator to act as a ‘traffic cop.’”

This official would not make rules, the group said, but would instead “ensure a coordinated housing policy where federal and regulatory agencies are effectively talking to each other as the rulemakings and policies are proposed and adopted in order to ensure that they complement each other.” [HousingWire]Zachary Kussin


Related Articles

arrow_forward_ios
National Cheat Sheet: Kushner-founded RE start up Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress & more

National Cheat Sheet: Kushner-founded RE start up Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress & more

National Cheat Sheet: Kushner-founded RE start up Cadre signs with Goldman Sachs, why Newmark’s IPO fails to impress & more
This battle over credit scores could shake up the mortgage market

This battle over credit scores could shake up the mortgage market

This battle over credit scores could shake up the mortgage market
Fannie and Freddie to keep $3B in reserves

Fannie and Freddie to keep $3B in reserves

Fannie and Freddie to keep $3B in reserves
National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more

National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more

National Cheat Sheet: Inside commercial real estate’s data wars, new leaders named at Elliman and Related … & more
84943186

Obama spokesman denies rumors the former president is buying a $27M estate from Caroline Kennedy

Obama spokesman denies rumors the former president is buying a $27M estate from Caroline Kennedy
Inside the Obamas new $8M mansion

Inside the Obamas new $8M mansion

Inside the Obamas new $8M mansion
The first rendering of the Obama Presidential Library is here

The first rendering of the Obama Presidential Library is here

The first rendering of the Obama Presidential Library is here
Top regional center chief says Obama’s EB-5 tweaks would decimate program

Top regional center chief says Obama’s EB-5 tweaks would decimate program

Top regional center chief says Obama’s EB-5 tweaks would decimate program
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...