What are banks doing to stop housing bubble?

Written on August 30, 2010 by in Housing Bubble

What are some new rules that banks must now follow to ensure the Housing Bubble does not happen again??

Obama’s HAFA program (Homes Affordable Foreclosure Alternatives) is designed to help struggling homeowners keep their houses. I’m not seeing much success in the program so far, but it just went into effect in April. If we can keep more people in their homes, supply will start to level off and diminish, which will firm up home prices. Until we can stop the housing market from hemorrhaging, prices will continue to decline.

2 Comments - Leave a comment!
2 Responses to What are banks doing to stop housing bubble?
  1. Iffy
    August 30, 2010 | 8:29 pm

    The banks do not have to do anything Freddie and Fannie Mae caused the problem and have not improved their screening process at all. Too many people are still buying homes they cannot afford
    References :

  2. agentinthecreek
    August 30, 2010 | 9:09 pm

    Obama’s HAFA program (Homes Affordable Foreclosure Alternatives) is designed to help struggling homeowners keep their houses. I’m not seeing much success in the program so far, but it just went into effect in April. If we can keep more people in their homes, supply will start to level off and diminish, which will firm up home prices. Until we can stop the housing market from hemorrhaging, prices will continue to decline.
    References :