Obama mortgage refi plan viewed as only partial housing solution
HousingWire
Jan. 25, 2012
"The president rightly called for immediate actions to deal with the housing crisis in his State of the Union speech, including a new proposal for mortgage relief," said former Department of Housing and Urban Development Secretary Henry Cisneros in a statement to HousingWire. "Now the president and Congress must work together to address these key issues. The nation's full economic recovery will not be realized until we take measures to improve the health of the housing sector."
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Infographic
Based on the housing industry’s average share of Gross Domestic Product (GDP) from 1980 to 2007, the infographic illustrates that 2.3 percent or $350 billion is “missing” in potential growth.
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