Monday, January 16, 2012

Obama to step up housing reform

WASHINGTON, Jan. 15 (UPI) -- After a push from Democrats and liberal activists, President Barack Obama is expected to take a more aggressive stance to protect homeowners, backers say.

"There's an understanding now in the administration that there needs to be a comprehensive strategy to diminish the foreclosure rate and clean up the housing problem," said Rep. Barney Frank, D-Mass.

Frank said although the economy is showing good movement, the Obama administration needs to do something about housing, The Hill reported Sunday.

"There's a lot of conversation going on," Frank said.

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