Who Has the Right Plan for America's Economy?

• “John McCain ”

  

  “Helping Americans with the Housing Crisis”

• No Objections Yet

Helping Americans with the Housing Crisis

McCain Campaign

Taylor Griffin, Senior Advisor

Expert Verified | See Profile

Recommend (1) Comments (5)

John McCain Is Proposing A New "HOME Plan" To Provide Robust, Timely And Targeted Help To Those Hurt By The Housing Crisis.

Under his HOME Plan, every deserving American family or homeowner will be afforded the opportunity to trade a burdensome mortgage for a manageable loan that reflects their home's market value.

Eligibility: Holders of a non-conventional mortgage taken after 2005 who live in their home (primary residence only); can prove creditworthiness at the time of the original loan; are either delinquent, in arrears on payments, facing a reset or otherwise demonstrate that they will be unable to continue to meet their mortgage obligations; and can meet the terms of a new 30-year fixed-rate mortgage on the existing home.

How It Works: An individual picks up a form at any Post Office and apply for a HOME loan. The FHA HOME Office certifies that the individual is qualified and contacts the individual's mortgage servicer. The mortgage servicer writes down and retires the existing loan, which is replaced by an FHA guaranteed HOME loan from a lender.

John McCain Calls For The Immediate Formation Of A Justice Department Mortgage Abuse Task Force.

The Task Force will aggressively investigate potential criminal wrongdoing in the mortgage industry and bring to justice any who violated the law. The DOJ Task Force will offer assistance to State Attorneys General who are investigating abusive lending practices. 

Next Argument

"John McCain " McCain Campaign

• Cutting Taxes for the Middle Class
  4
• Pro-Growth Tax Policy
  3
• Eliminating Wasteful Spending
  5
• Helping Americans Confront Higher Living Costs
  2
• Helping Americans with the Housing Crisis
  1
• Keeping The Credit Crunch From Hurting College Students
  1
• Tax Cuts on American Employers
  1
• Pro-Innovation Tax Cuts
  2
• Retirement Tax Cut/Simpler Taxes
  3
• Giving Tax Cuts a Fair Chance
  1
• Reforming Entitlement Programs For The 21st Century
  1
• Promoting Fair Trade and Competitiveness
  1
• Reforming The Unemployment Insurance System
  1

"Barack Obama" Obama Campaign

• Jumpstart the Economy
  11
• Provide Middle Class Tax Relief
  5
• Trade Initiatives
  4
• Create 5 Million New Green Jobs
  6
• New Jobs Through National Infrastructure Investment
  4
• Technology, Innovation and Creating Jobs
  3
• Support Small Business
  4
• Strong Labor Policy
  3
• Protect Homeownership and Crack Down on Mortgage Fraud
  3
• Address Predatory Credit Card Practices
  4
• Reform Bankruptcy Laws
  4
• Work/Family Balance
  3

Most Objections

• Jumpstart the Economy
  11
• Provide Middle Class Tax Relief
  5
• Cutting Taxes for the Middle Class
  4
• Pro-Growth Tax Policy
  3
• Eliminating Wasteful Spending
  5

Who's Better for the Economy?

• Barack Obama
• John McCain

View Results