Over the past couple of years, the National focus has been on the banking industry, particularly the mortgage sector. Sadly, we have seen many hard working families evicted from their homes and put on the street.
The mainstream media would have you believe that the primary reason for the wave of foreclosures was greedy homeowners buying more house than they could afford.

Do not buy into this argument! Lending is a two-sided exchange.  The banker is in the power position in the relationship. The person seeking the loan is COMPLETELY at the mercy of the banker's decision. A responsible banker will examine the individual's finances and determine to lend or not. Most small community banks still use a conservative lending approach; as a result, they fared much better than large National franchise banks during the banking 'crisis'.

"Buying Your Home Only Once": Real Mortgage Reform

Do you feel it is reasonable to buy your house twice? If you have a 30-year mortgage, that is exactly what happens, you pay for your home twice. If you borrow $100,000, after 30 years at 6% you repay $115,000 in interest, you will pay more in interest than the purchase price of your home. I believe that mortgages, the way they are currently constructed, are extremely unfair to the borrower.
I propose a National Mortgage Reform Act. This legislation would cap the total interest on secured assets (homes and business buildings) to no more than 20% over the life of the loan. Let's examine how that would impact you and your family.

Using the flat fee approach, paying the same payment of $599 (the payment based a 30 year loan @ 6%), one could reduce the loan term by 14 years.

Economic Stability

My goal as Congressman will be to create economic stability. This will be achieved by removing the banker's fangs from our wallet. I will fight to greatly reduce, if not completely eliminate the wild, erratic boom/bust cycles of the economy.
The banking industry, in conjunction with our government, is solely responsible for the swings of our economy.  The Federal Reserve Bank's manipulation of interest rates is a key factor in the boom/bust cycle.