Baldwin County Real Estate: America Seeks Lending Oversight

Baldwin County Real Estate: America Seeks Lending Oversight

Americans are ready for more government oversight of the mortgage and lending industry.

According to the 2008 National Housing Pulse Survey, 56 percent of those surveyed favor a more active government role. Nearly eight out of 10 consumers believe the country is headed in the wrong direction, and a majority rate the current economy as poor. 

Foreclosures are also a big concern among those surveyed. Over one-quarter were worried about their home or the home of a family member entering foreclosure. 

However, there were signs of optimism. Eighty percent are confident they could refinance should they have the need, and only 8 percent are worried about their ability to make their mortgage payments over the next year. 

Read the entire report here.  

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