“It began with a housing crisis they alone didn’t cause; it ends with a housing crisis they didn’t correct,” Ryan is quoted as saying during his rollout speech at the GOP Convention in Tampa.
Unfortunately, that’s all Ryan had to say about the housing crisis and what his platform would do to fix it. And while a political convention isn’t the best place to expound on how a ticket with his name on it would address the crisis, it’s good to know that it’s at least on his mind.
But what does he mean? Do he and Mitt Romney have a plan? Click here to read the commentary from Housingwire contributor Kerri Ann Panchuck. She quotes GOP spin-artist Ed Pinto of the American Enterprise Institute.
Pinto believes the platform from the GOP incorporates the four principles he also suggests for housing reform. Those principles include some type of assurance that the housing finance system can function without direct financial support from the government; ensuring mortgage quality and adequate capital behind mortgage risk; making sure programs for low-income families are on budget while limiting their risks to homeowners and taxpayers; and establishing that the GSEs should be gradually eliminated.”
It seems that the housing crisis will be (and should be) an important part of the discussion during this election season.