Election Day is just over a month away and some mortgage bankers are hoping that Mitt Romney wins for the simple reason they believe a Republican in the White House will ease the regulatory nightmare that has hit the residential finance sector. Many lending professionals I’ve interviewed this year have all concluded the same thing: the regulatory pendulum has swung much too far in the wrong direction. The housing crisis was caused, in part, by lax regulatory oversight but what we’re dealing with now is oversight suffocation. But there is also a legislative reality to be dealt with. Even hardcore Republicans in the mortgage industry feel that if Romney prevails, the Consumer Financial Protection Bureau will not be legislated away very easily – or at all.
Romney thinks it's only about money, taxes and money. It ain't.
Vote with your brain and your heart people!
Add to that, the ONLY thing changing the white house to Republican living quarters will do is raise taxes on the middle class, tax breaks for the upper class, reducing spending on programs that will cut the deficit. I care about my bottom line more than the Gov's. Two wars and tax breaks for the 1% will create that kind of fiscal problem. I don't care when and if it gets paid down. I only care about my income and taxes.