Investor demand for distressed property has been healthy, as rents rise to levels that can cover investors' costs while they wait for properties to appreciate. Giving investors a small tax break should further juice up demand, supporting prices for distressed homes and the market in general.

Buying a home wouldn't make much sense if house prices were likely to decline further; no one wants to catch a falling knife.

If Mr. Trump gets precisely the policies he says he wants, then the economy will suffer a recession.

I only have two things in my life, my family and work. If there's any time left over, then I play sports.

I've done work for both Democrats and Republicans.

Indeed, the FHA was born out of the Great Depression, which was also caused in significant part by a foreclosure crisis. Mortgages in the early 1930s were mostly three- to five-year 'bullet' loans, which did not amortize and were due in full at maturity.

My policy is I will help any policymaker who asks, whether they be a Republican or a Democrat.