Today, I'll cover the leading Democratic candidates, and tomorrow I'll give equal time to the Republicans.
In general, the Democratic contenders agree on restoring fiscal discipline to the federal budget, but they also favor bolstering development and addressing the aftermath of the subprime mess.
Hillary Clinton's positions: Provide $1 billion to states to help borrowers avoid foreclosure, and provide an additional $1 billion to support state and local affordable housing trust funds. She's also pushing for higher FHA loan limits to maximize borrowers' refinancing options.
Barack Obama's Goals: Strengthen detection and punishment of mortgage fraud, create a White House Office of Urban Policy to improve delivery of federal funds to urban areas, and channel a portion of Fannie Mae and Freddie Mac profits into a national affordable housing trust fund.
John Edward's ideas: Create a fund to help homeowners to renegotiate subprime loan terms, move subsidized renters out of concentrated housing by adding a million new rent-subsidy vouchers, and give households a tax credit for every dollar they save (up to $500 annually) to help spur home ownership.
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