NMP - October 2016 - 31

31 NationalMortgageProfessional.com he horizon By Phil Hall comfortable in this business," Trump said in an unscripted presentation. "Oh, do I know you people well. You're great people. I've always said that if you can build a home, you can build anything." The candidate switched gears briefly to cite the U.S. trade deficit, then switched back to add, "If I used homebuilders to negotiate, that wouldn't be happening. We would be flush. We would be rolling in the dough." Trump has been on record citing his opposition to the Dodd-Frank Act, and he commiserated with the NAHB audience on the regulatory burdens they have carried since the legislation went into effect. "You're being driven wild with regulations," he said. "In the last five years, regulations on homebuilding have increased 29 percent. I was told this stat. I couldn't even believe it. Twenty-five percent of your total cost to build a house is in regulations-your leader told me that. I couldn't even believe it." As part of his campaign, Trump has called for a moratorium on new financial regulations, which he blamed for restricting the availability of home loan financing. "It's impossible for people to go get mortgages," Trump said. "Unless you have a lot of money in the bank, you can't borrow. It's impossible with Dodd-Frank. I know people continued on page 32 n National Mortgage Professional Magazine n OCTOBER 2016 f the Housing Market

Table of Contents for the Digital Edition of NMP - October 2016

Table of Contents
NMP - October 2016 - Cover1
NMP - October 2016 - Cover2
NMP - October 2016 - 1
NMP - October 2016 - Table of Contents
NMP - October 2016 - 3
NMP - October 2016 - 4
NMP - October 2016 - 5
NMP - October 2016 - 6
NMP - October 2016 - 7
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NMP - October 2016 - Cover3
NMP - October 2016 - Cover4
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