President Barack Obama, with Vice President Joe Biden, delivered remarks before signing the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21, 2010.
As with any federal legislation, it takes time to implement or react to the provisions of the law since regulations are first written to implement the legislation. Thus, it is clear that this legislation has had a profound impact on home buyers and closing of the real estate deal. This Dodd-Frank legislation is much more wide spread than just affecting the home buying process.
No wonder our economy is not rebounding……………. I say over and over again ---- As Housing goes so goes the Economy! Until Dodd-Frank is repealed, our housing problems will continue to persist.
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