WASHINGTON, D.C. – February 1, 2012 – (RealEstateRama) — “Recovery in the housing market is vital to future economic growth, and we commend the Obama administration for their attention to housing recovery efforts. However, many current proposals and programs will limit or delay that recovery. The refinance proposal announced today, unfortunately, includes a tax on banks, which will directly reduce lending capacity and banks’ ability to lend up to $100 billion.
More info...
