Neither side of the political spectrum has done much talking about what they plan to do in terms of the housing market if their respective nominees get elected. The majority of the political discussion so far this year has been about issues such as immigration, terrorism, and national security.
But, thanks to the GOP releasing its Republican Platform 2016 and the Republican National Convention this week, we now have an inkling of what the housing market would look like if a Republican returns to the White House.
“We must scale back the federal role in the housing market, promote responsibility on the part of the borrowers and lenders, and avoid future taxpayer bailouts,” the platform reads.
The Republican Platform also appears to want to eliminate or limit the Dodd-Frank Wall Street Reform and Consumer Protection Act, the FHA’s ability to provide taxpayer-guaranteed mortgages to wealthy homebuyers, and the Affirmatively Furthering Fair Housing rule.