Homeowners are representing one of the final opportunities President Barack Obama and his administration have to gain the trust back of the American people. A major push on homeowner refinancing is one of the few policies the Obama administration can achieve without the interference or help of Congress.
With little help from Republican in Congress, the president is taking a new approach. Neglecting to work with the Obama administration on expanding the payroll tax cut, the economy deficit, and infrastructure spending has led to the 2012 Obama campaign “we can’t wait.” This campaign is leading the president to maximize his executive power to make changes that congressional Republicans are resisting. The most recent example of the new approach is Obama’s decision to appoint a new director of the Consumer Finance Protection Bureau, three new members of the National Labor Relations Board, and a new director of the Federal Housing Finance Authority, which oversees Fannie Mae and Freddie Mac.
