Check back regularly for the latest news about Protect Housing.

It’s housing, stupid. More precisely, it’s housing finance.

Source: The New York Times
Date: December 6, 2011
It’s housing, stupid. More precisely, it’s housing finance. As the Obama administration seeks ways to revive the economy, not to mention win an election, it is becoming clear that the biggest mistake officials made when they took office nearly three years ago was to underestimate the continuing damage to the economy from the mortgage crisis.
Categories: In the News

It's Construction, Stupid! It's Home Building, Stupid!

By: Jerry Chautin
Source: The Huffington Post
Date: September 7, 2011
In Thursday's address to Congress, I want President Barack Obama to emphasize that fixing the home-building and construction industries is necessary to jump-start our lame economy. That is because, in my recollection, home building and construction have led us out of every recession since the 1960s, when I financed land acquisition, development and construction of tract homes.
Categories: In the News

Mortgage Interest Deduction Big in Budget Play

Source: CNBC
Date: July 25, 2011
It's not like the housing market needs any more headwinds, so here's the government potentially giving us another: The mortgage interest deduction is back in big play in the budget deal.

If You Care About Small Business, Keep the Home Mortgage Interest Deduction

By: Scott Shane
Source: Small Business
Date: July 11, 2011
President Obama’s budget reform commission proposed eliminating the home mortgage interest deduction. This idea has analysts scurrying to estimate the proposal’s economic impact. Unfortunately, our lawmakers often forget the law of unintended consequences when offering up changes to policies. In this case, our elected officials need to consider how making mortgage interest non-tax deductable will impact small business credit markets.

Despite Fears, Owning Home Retains Allure, Poll Shows

Source: The New York Times
Date: July 7, 2011
Owning a house remains central to Americans’ sense of well-being, even as many doubt their home is a good investment after a punishing recession. Nearly nine in 10 Americans say homeownership is an important part of the American dream, according to the latest New York Times/CBS News poll. And they are keen on making sure it stays that way, for themselves and everyone else.

Poll: Most think government should help homeowners in trouble

By: Stephanie Condon
Source: CBS News
Date: July 6, 2011
Most Americans think home ownership is an important part of the American dream, a new CBS News/ New York Times poll shows - so much so, that most also say the government should help homeowners in trouble with mortgage payments as a means of improving the market. The housing market is at a low point, CBS News economics correspondent Rebecca Jarvis reported on "The Early Show" last week, after sales of existing homes dropped in May. And even though mortgage rates are at record lows, access to credit remains hard to come by.

Budget fixes threaten housing recovery

Source: Tulsa World
Date: July 5, 2011
Oklahomans look at the world a little differently than many in Washington, D.C. - we don't throw money at our problems, we have strong beliefs and values, and we know that making it too hard for someone to buy a first home will hurt everyone. It seems to be popular in Washington these days to put a target on the housing market and start taking potshots. There are several proposed bills that are floating around the halls of Congress, ranging from QRM (Qualified Residential Mortgage) requirements to doing away with the mortgage interest deduction.

Study: Housing Collapse Steeper Than During Great Depression

By: Judson Berger
Source: Fox News.Com
Date: June 15, 2011
The author of a study claiming the U.S. housing collapse is now worse than during the Great Depression warned Wednesday that the market likely will continue to fall for the rest of the year before going stagnant. Paul Dales, senior U.S. economist for Capital Economics, predicted home prices would fall another 3 percent over the rest of 2011 before potentially hitting bottom.
Categories: In the News

Fed's housing rules could crush the American Dream

By: Robert Filka
Source: The Detroit News
Date: June 10, 2011
The nation faces an unprecedented assault on housing that threatens to derail nearly 100 years of national policy promoting the value of homeownership — and the public remains largely unaware of the catastrophe that could lie ahead. What could happen with an attack on housing? A sharply limited availability of long-term, fixed-rate mortgages. A huge jump in the cost of mortgages. Minimum down payments of 20 percent or more. A severe reduction in mortgage credit.
Categories: In the News

S&P panel argues to keep mortgage tax deduction

Source: HousingWire
Date: June 10, 2011
Panelists at a Standard & Poor’s housing summit in New York say the mortgage tax deduction is a key component to the housing industry. Chuck Robida, Experian chief scientist, said that he expects that it will be difficult for housing markets to recover without the mortgage interest tax deduction, especially in larger MSAs.
Categories: In the News