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Rainmaker
1,725,896
Sandy Padula & Norm Padula, JD, GRI
HomeSmart Realty West & Florida Realty Investments - , CA
Presence, Persistence & Perseverance

It would be welcomed, but based on Trump's statements on other existing programs, I doubt he will abolish it, but rather amend it. Could it get worse than it is? You bet it could!

Nov 15, 2016 01:05 AM
Ambassador
3,587,835
Anna "Banana" Kruchten
HomeSmart Real Estate - Phoenix, AZ
602-380-4886

Well I think we've got WAY too many laws and regulations on the books and this one is the most far reaching.  We'll see where it goes...

Nov 15, 2016 12:39 AM
Rainmaker
4,800,082
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I have no thoughts about this other than to watch and see.

Nov 15, 2016 12:12 AM
Rainmaker
711,752
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

We shall see what actually happens.  The administration has a lot of goals - and with a like minded congress, there may be significant changes on the horizon.

Nov 15, 2016 12:59 AM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Be careful what you wish for.

The very last thing I would support is allowing Bank of America, Wells Fargo, Merril Lynch and Monsanto to do what ever they want to do.

This country is already driven by morally corrupt orgainzations, namely banks and insurance companies and the NFL() that MUST be controlled.

Be careful regarding what you wish.

Nov 14, 2016 11:12 PM
Ambassador
5,229,243
Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

I read that somewhere else last night and wonder if we'll see this during this presidential term coming up.  I'm sure there will be a lot of happy lenders if that's the case!

Nov 14, 2016 11:01 PM
Rainmaker
5,215,488
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good riddens! Be careful we don't replace it with worse! Then again, probably not possible!

Nov 14, 2016 11:00 PM
Rainmaker
1,622,432
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

Should both Dodd Frank and environmental regulations ease, new home construction could finally expend to address inventory shortages that we have in SoCal since the recovery began. 

Feb 16, 2017 07:12 PM
Rainmaker
4,935,551
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Time will tell if it happens

 

Nov 15, 2016 11:34 PM
Rainmaker
989,652
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

I sure hope so, we really need to back out all these ridiculous laws designed to keep us "controlled"

Nov 15, 2016 10:02 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

No idea.

Nov 15, 2016 09:48 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Fred Griffin - let's see what happens! Things are going to change, drastically - and soon.

Nov 15, 2016 02:22 PM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Very possible!

Nov 15, 2016 12:08 PM
Rainmaker
2,362,579
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

dare we hope?

Nov 15, 2016 11:04 AM
Ambassador
3,383,334
Chris Ann Cleland
Long and Foster Real Estate - Gainesville, VA
Associate Broker, Bristow, VA

From some of the things I've read about the emergency liquidation clause, I'm all for it.  Right now, Dodd Frank allows for banks to liquidate our bank accounts for their own use.  It's not our money anymore, it is theirs.  Every once in a while you'll find a financial planner that will talk to you about it, but it's a dangerous act.

There are parts of it that have helped my clients, but I'm sure they can be helped by other measures, like the Mortgage Debt Relief Act when they do Short Sales.  That liquidation bit is enough to kill it.

Nov 15, 2016 09:35 AM
Rainmaker
5,005,333
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Lets wait and see..certainly revisions are in order!

Nov 15, 2016 09:16 AM
Ambassador
6,392,889
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Less govt is always nice, but it seldom benefits little guys like us, dismantling ot the SEC will be for the benefit of the trumps and their cronies.

Nov 15, 2016 08:45 AM
Ambassador
3,344,906
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Me thinks we are going to see many changes in our future.  

Nov 15, 2016 08:37 AM
Rainmaker
7,834,961
Roy Kelley
Retired - Gaithersburg, MD

Time will tell. 

Nov 15, 2016 06:05 AM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

The law created more havoc in the business and real estate world then any other. I can't wait for it to go away.

Nov 15, 2016 04:18 AM
Rainmaker
1,502,848
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

One can only hope.

Nov 15, 2016 03:10 AM
Rainer
417,071
Caroline Gerardo
Licensed in 20 states - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Big problem with Dodd Farnk was Barney Frank had no idea about the inside of how a mortgage loan is originated, sold, and securitiezed.  Same with banking. All it did was add staff legal to deal with the paperwork, not set anything on a better course. New loaw will come of this, heaven only knows what Mnuchin will come up with. Wells Fargo hasn't fixed it's cross sell scam - big box banks are here to stay  https://medium.com/@cgbarbeau/mnuchin-economic-czar-48c74f0ebbb0#.6xubb91hs 

Nov 15, 2016 03:06 AM
Rainmaker
2,781,013
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

If it is working, leave it alone. If not, do away with it & move on.

Nov 15, 2016 01:56 AM
Rainmaker
823,579
Susan Laxson CRS
Palm Properties - La Quinta, CA
Realtor in San Diego, CA & Naples, FL

I think it will be good for all of us if it is dismantled and amended and time will tell, as others have stated.

Nov 15, 2016 01:19 AM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Fred,

I think it would be good, and like everyone elsse is thinking, time will tell.  A

Nov 14, 2016 11:52 PM
Rainmaker
1,844,171
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

huh, we'll see what happens. Not all of it was bad but the doubling of efforts & paperwork 'for the consumer' was not a good idea.

Nov 14, 2016 11:30 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

I, too, say time will tell....

Nov 14, 2016 11:22 PM
Ambassador
5,048,708
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Time will tell on this one

Nov 14, 2016 11:10 PM
Rainmaker
4,571,456
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

I saw another article and it's definitely another "time will tell" answer.   

Nov 14, 2016 10:59 PM