Housing: Where do the Candidates Stand?

Recent data show that nearly a million American households are at risk of foreclosure, 71% more than a year ago. Nearly 6% of all borrowers are past due on their mortgages.

And the presidential candidates are trying hard to convince voters that they have the best plan for fixing the problems. How do their plans compare?

The Democratic candidates argue that if the Federal Reserve can back the purchase of Bear Stearns with $29 billion, then the federal government can also lend a hand to struggling homeowners.  John McCain contends that the Fed’s intervention in the financial markets was designed to stabalize Wall Street, which in turn is supposed to stabalize the mortgage market and help more borrowers.

Have you been keeping up with what the three Presidential candidates are saying about housing and the banking industry?  Who do you believe?  Anyone??  We’d love to hear your thoughts and comments.  Just use the comment link below and sound off.  Don’t worry, your email address is never published on our site.