Politics
Politics
Out of context: Reply #23829
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- whatthefunk3
Trump Reverses Obama's Mortgage Fee Cuts on First Day
The new administration on Friday said it’s canceling a reduction in the Federal Housing Administration’s annual fee for most borrowers. The cut would have reduced the annual premium for someone borrowing $200,000 by $500 in the first year.
https://www.bloomberg.com/politi…
“This action is completely out of alignment with President Trump’s words about having the government work for the people," said John Taylor, president of the National Community Reinvestment Coalition, through a spokesman. "Exactly how does raising the cost of buying a home help average people?”
**** So it begins, thanks Trump - way to stimulate the home market by adding another burden to the middle class who are finding it even harder to purchase homes. ****
- lol @ canceling it just because obama did it. what a little babyscarabin
- because it helps deter the big investment funds from buying up the inventory which creates a rental and home value bubble. and hopefully help deter regular homedeathboy
- buyers from getting sucked into the trap. when mortage is cheaper than rent, but a homes cost is over valued by like a third of the estimated value...deathboy
- ^ big investment funds wouldn't need an FHA loan to buy up inventory...whatthefunk
- but really such a small drop in the bucket of the larger issuesdeathboy
- ^Wow, look at that!whatthefunk
- Talk about looking the other way when it comes to stimulating the economy, imagine if Hillary had done that?!?!?!whatthefunk
- fuck, and i wanted to buy something this year toomonospaced
- guys!!!! wait. for sure omg has a reasonable explanation. just wait for it before you're drawn to fast conclusions...LOL!oey
- I'm all ears, can't wait to hear this rationale...whatthefunk
- @wtfunk, deathboy likes to fill these bubbles with lots of dribble and then brush it off like it's no big deal after being proven woefully incorrect.BuddhaHat
- Sometimes you just won't get an answer at all! You're right though, they would be flinging shit like enraged chimps if it was Hillary.BuddhaHat
- @buddha, he takes after the GOPwhatthefunk
- @wtfunk If omg ever starts to get illogical, ask him what Khizr Khan would say? That was one of his best meltdowns... utterly unhinged and irrational, lol.BuddhaHat
- this policy also generates a competitive advantage for mortgage lenders to make more money for their business.whatthefunk
- @oey Just news of uncertainty. A hold on such policies allows Ben Carson to review before deciding whether it should take effect.omg
- Betsy Devos' wiki entry having the word 'education' 56 times was another cracker.BuddhaHat
- Ooo, good one, omg. Ben 'I have no government experience' Carson will know what to do!BuddhaHat
- Let the "it's not Trump, it's his administration" rhetoric begin...whatthefunk
- Only a drooling fucktard would think Ben Carson would go against the administration's goal of fucking the regular guy in the ass ... to deathmonospaced
- oh naw i didnt think about the FHA for investments. that is correct. but on teh second point to decentivize home buying is a good thing. especially in my marketdeathboy
- well no no smaller investors would still use it. lot of people dont purchase in entirety. guess id need to know more than the article illustrates. on one handdeathboy
- you could say the FHA is unnecessary after stress tested. could say its to help them be more solvant. so next time tax payers dont bail it out...deathboy
- Glad they are not letting people get in over their head in debt "allows borrowers to make down payment of as low as 3.5 percent with a credit score of 580"robotron3k
- You see the if someone has bad credit at 620, it makes sense that people with lower credit score to stay away from debt until they get their credit up.robotron3k
- This is the same way the housing bubble occurred, people who couldn't afford homes were sold homes that they could eventually not pay when interest rate went uprobotron3k
- and buddha you need to relax. anyone ever tell you you take this stuff way too personal. you have to remember this medium is for fleeting crapdeathboy
- these notes aren't designed for real discourse, so you cant fully expect people to stay on topic when there is like 40 posts a day. this is a pig troughdeathboy
- deathboy is correct, in other words, this is a good thing. Obama is yet again a huge idiot. Bye bye O!robotron3k
- but buddha u can always email me. that is a better medium if so desiredeathboy
- Also https://theintercept…instrmntl
- piles of shit from robotard and deathboy as usual. input from deathboy posing as thoughtful contribution, but actually meaningless. Sad!BuddhaHat
- lol buddha i thought u might be alright but you sound exactly like trump when hearing something he doesnt like. u could ghost write his twitterdeathboy