Where to begin?
There are so many people and organizations to thank for continuing to exacerbate this housing mess I’m not sure where to begin. I’m not even sure who they all are. Andrew Cuomo for foisting this whole HVCC mess on Fannie, Freddie and us? F & F themselves for the idiocy that is their mortgage policy guide? President Obama for giving them that blank check to do whatever on Christmas Eve? Hey, at least it’s allowed them to continue to stir their hairy buffalo policy pot like a bunch of frat boys bound to get their dates so loaded they can’t make any sense of it all.
Does the real estate community bear any of the wrath for not being more vehement about how bad things are? One thing seems more than obvious to me. Our current Federal policy direction will not help the housing industry and in fact seems bound to make it worse.