In Early Voting, It Appears Romney is Ahead. Never Mind…

Don’t believe anything you read on Facebook, Twitter, basic cable, Fox News, MSNBC and any other media outlets about the outcome of this election – until this election is actually over. The problem with today’s interconnected world is that there are too many ‘information outlets’ in existence today thanks to that wonderful invention called the Internet. Note: very few represent professionals who know what they’re talking about. You can always rely on a print newspaper (remember them?) but the morning editions won’t be out until 4 a.m. Wednesday. So, what’s the message here? Only trust me? No, not at all. For mortgage professionals the future of their industry is in the balance – but not necessarily because of this election. Yes, a new (or existing) president can shape the details of mortgage finance, but in the end it will be industry trade groups and lobbyists who explain the important operating details to our elected leaders and regulators. Let’s hope they get it right.

Origination

Servicing

Comments (10)

When are the idiots of this country going to wake up and realize this two party system is a joke. It's like choosing arsenic over cyanide or Satan over Lucifer. The end result is the same whichever way you go.

I wouldn't vote for either of these losers but maybe best the party that actually rammed the USS Titanic into the iceberg is back at the helm when it finally sinks. And I'm not talking about the Libertarians.

Posted by Mike Miller | Tuesday, November 06 2012 at 4:17PM ET

Much has been made of Gov. Romney's experience in business. The reality is that being the CEO of a private company bears little relation to being the chief executive of a nation. A CEO of a company can dictate what actions will be taken in the company, with no one (like a recalcitrant and oppositional legislature) to stand in his (or her) way.

With respect to Mitt Romney's tenure as governor of Massachusetts: that state is arguably one of the more liberal in the nation, yet this "severely conservative" individual got elected. How did that happen? My hunch is that, apart from having a great sum of money behind him, he was willing to present whatever Mitt Romney he judged would be acceptable to the electorate. In practice, as legislation he did not approve of reached his desk and was vetoed, his veto was overriden over 700 times. At the time he left office, he had an approval rating of 34%--one of the most deeply unpopular governors in the state's history.

He did cut taxes for everyone--but that came with a sort of asterisk; to pay for his tax cuts, fees for virtually everything had to be increased--marriage licenses, business licenses, property taxes. The net result was a higher taxes on the middle- and lower-income residents of his state.

Posted by JOE PARSONS | Tuesday, November 06 2012 at 4:24PM ET