Custom Search





Home
Site Map: START HERE
Rental Property Intro
Investment Strategy
Property Values 101
Find a Property
Financing Property
Cash Flow Analysis
Landlord 101
FREE Landlord Forms
Landlord Insurance
Tenant/Property Law
Rental Property Tax
Foreclosure Property
Commercial Property
Retirement Savings
Sell Property
Property Definitions
Rental Property Blog
Property News
Real Estate Videos
About

Follow Me!
Bookmark and Share

Obama Scrutinizes the Mortgage Industry


Show Your Love




Categories
Buying Rental Property
Landlord Advice
Real Estate Financing Tips
Real Estate Investing Strategies
Real Estate Taxes & Insurance
Selling Rental Property
Trends & Current Events

Obama's mortgage crisis

 

With the real estate market and foreclosure property inventories taking center stage in the economy today, it comes as no surprise that President Obama has chosen to address the mortgage crisis in his 2012 agenda.


One of the key contributors to the current financial crisis is something that happened several years ago during the housing boom. At a time when the home and income property market was in an upswing and the current slump was beyond imagination, several banks and lenders are suspected of offering risky and irresponsible mortgage financing packages to homeowners that may well be responsible for the financial crisis today.


The Obama administration has requested that the Justice department put together a special unit that will investigate major players in the mortgage industry and bring law breakers to task. Several big names in the industry have already been accused of the mismanagement of foreclosure procedures in 2009 and 2010, and talks are underway for the lenders to provide compensation for losses to homeowners who became prey to these procedures. The subsequent investigation is expected to bring further assistance and relief to owners of distressed properties.

These actions could have a profound impact on the housing market for years to come.  A more detailed report on President Obama’s strategy is available for reading here.



Leave a Reply

Your email address will not be published. Required fields are marked *

Name *
Email *
Website
Comment

footer for rental property investing page