Statements about Housing
"Over 300K home owner suicides attributed to foreclosures."
"44% of homeless people are employed."
Under Obama, home values in Florida collapsed, construction jobs were lost and the state had a high foreclosure rate.
Mitt Romney said we should let foreclosures "hit the bottom."
"Nearly 60% of all occupants of HUD properties in U.S. are illegals."
Says Obama broke his promise to help homeowners facing foreclosure.
"In 2006, I went out and authored a letter with 24 other senators asking for major reform of Freddie and Fannie, warning of a meltdown and a bubble in the housing market."
Florida's economy "became a bad economy ... because of a huge spike in oil prices in the summer of 2008."
Says Mitt Romney’s housing policy is, "Don’t try and stop the foreclosure process. Let it run its course and hit the bottom."
"When lenders foreclose on homes, they typically suffer losses that exceed 30 percent of the value of the home."
Says the new Dodd-Frank financial law requires a 20 percent down payment to buy a house.
Housing prices dropped for the 30 months prior to Barack Obama taking office, "and they have stabilized, they've been about flat since the president came in."
"Barack Obama is in an economy that's only worsened since he's been president of the United States."
"Harry Reid says he does more for Nevada. He's done more for unemployment. We were at 4.4 percent. Now we're at 14 percent. He's done more for the foreclosure rate. We have the highest foreclosure rate in the nation. He's done more for bankruptcy. We have the highest bankruptcy rate in the nation."
Senators who have accepted millions in campaign contributions from the financial industry voted against allowing bankruptcy judges to modify home mortgages.
"I said two years ago that the Fannie and Freddie thing was a very serious problem and we had to work on it."
John McCain said last year he didn't know of a solution to the mortgage crisis.
How to contact us:
We want to hear your suggestions and comments. For tips or comments on our campaign promise database, please e-mail the Obameter. If you are commenting on a specific promise, please include the promise number. For comments about our Truth-O-Meter or Flip-O-Meter items, please e-mail the Truth-O-Meter. We’re especially interested in seeing any chain e-mails you receive that you would like us to check out. If you send us a comment, we'll assume you don't mind us publishing it unless you tell us otherwise.
Browse the The Truth-O-MeterTM:
Browse The Obameter:
Keep up to date with Politifact National: