Mortgages--No more "Mr. Nice Guy"

[Henryk]

."...And also, soon after he was sworn in, Mr. Trump signed an order to roll back a discount on the fees for a federal mortgage program that helps middle-class homebuyers. ..."
CBSNEWS

Now, see what the orange-faced pig did to help your kids get a mortgage?

What an AH!

[MDLNB]

."...And also, soon after he was sworn in, Mr. Trump signed an order to roll back a discount on the fees for a federal mortgage program that helps middle-class homebuyers. ..."
CBSNEWS

Now, see what the orange-faced pig did to help your kids get a mortgage?

What an AH!

That's a good thing. It was only a quarter of a percent and it was below rate. We do not need another mortgage crisis and another $1.7 billion bailout to pin on Trump. It was bad enough that the last one was pinned on Bush.

[wjboyer1]

That's a good thing. It was only a quarter of a percent and it was below rate. We do not need another mortgage crisis and another $1.7 billion bailout to pin on Trump. It was bad enough that the last one was pinned on Bush.

Well, the SEC under Bush, allowed the Banks and other Wall Street investors to "invest" in high-risk mortgage securities.The answer to lower any further risk of that happening was the Dodd-Frank bill, which was watered down by the Republican congress, and is and has been on the Republican radar to eliminate. So, if that eliminates the solution to the problem, there is a good chance that another mortgage crisis could occur.......stand by for more action by the Republicans to screw things up again....last time the Republicans had majorities in both the House and the Senate and held the White House was just before the Great Depression.....

[n8xwb]

That would be "Mr. President" to you....And speaking of AHs, join the club!

[MDLNB]

Well, the SEC under Bush, allowed the Banks and other Wall Street investors to "invest" in high-risk mortgage securities.The answer to lower any further risk of that happening was the Dodd-Frank bill, which was watered down by the Republican congress, and is and has been on the Republican radar to eliminate. So, if that eliminates the solution to the problem, there is a good chance that another mortgage crisis could occur.......stand by for more action by the Republicans to screw things up again....last time the Republicans had majorities in both the House and the Senate and held the White House was just before the Great Depression.....

What depression was that? 1929?

If you are speaking of this RECESSION, then you are wrong. Republicans did not have control of congress for the two last years Bush was in office. The Democrats had the majority of both houses of congress for the last two years of Bush.

Bush did try to get Fanny/Freddy audited several times but it was denied by Barney Frank every time.

[Paper1]

."...And also, soon after he was sworn in, Mr. Trump signed an order to roll back a discount on the fees for a federal mortgage program that helps middle-class homebuyers. ..."
CBSNEWS

Now, see what the orange-faced pig did to help your kids get a mortgage?

What an AH!
Tax payers should not be in mortgage business.

[rjm1cc]

Making it easier to get a mortgage is what caused the prior problem in real estate. Lowering the reserve's for bad mortgages does not do the tax payers any favors.

[MDLNB]

Trump is already proving that he is being advised by EXPERTS. Hopefully others will get on board and stop resisting his attempt to steer America back on the path of being the Greatest country in the World. No more apologies.

[Don Baldwin]

Tax payers should not be in mortgage business.

Nor the "Empire" business...

Making it easier to get a mortgage is what caused the prior problem in real estate. Lowering the reserve's for bad mortgages does not do the tax payers any favors.

They HAD to make it EASY to get a mortgage so the women and minorities could "qualify". Once again, diversity destroyed.

Trump is already proving that he is being advised by EXPERTS. Hopefully others will get on board and stop resisting his attempt to steer America back on the path of being the Greatest country in the World. No more apologies.

No more affirmative action...no more quotas...no more lowered standards!

If you want to steer America towards greatness...it MUST be steered by white men again.

[rubicon]

Well, the SEC under Bush, allowed the Banks and other Wall Street investors to "invest" in high-risk mortgage securities.The answer to lower any further risk of that happening was the Dodd-Frank bill, which was watered down by the Republican congress, and is and has been on the Republican radar to eliminate. So, if that eliminates the solution to the problem, there is a good chance that another mortgage crisis could occur.......stand by for more action by the Republicans to screw things up again....last time the Republicans had majorities in both the House and the Senate and held the White House was just before the Great Depression.....

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

[Don Baldwin]

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

Because otherwise...women and minorities wouldn't GET a mortgage. They NEED quotas because they CAN'T qualify under even the reduced standards.

The previous meltdown never ended, it was covered up by borrowing over a $ trillion every year.

Diversity continues to destroy the country...the culture...western civilization.

[jimbo2012]

I don't care if U don't like him, you're entitled.

But respect the office, calling your president a pig is sooooo unAmarican U should get out of the country

[Don Baldwin]

I don't care if U don't like him, you're entitled.

But respect the office, calling your president a pig is sooooo unAmarican U should get out of the country

The "liar and stealer" in chief? What IS to respect with the office? They've ALL lied to us, they've ALL stolen from us. Maybe I could respect the office if there wasn't a D or R there.

[MDLNB]

The "liar and stealer" in chief? What IS to respect with the office? They've ALL lied to us, they've ALL stolen from us. Maybe I could respect the office if there wasn't a D or R there.


There isn't an R or D in the office. Trump is neither. So, you can feel fine in allowing him a bit of respect without compromising your Independent status.

[Don Baldwin]

There isn't an R or D in the office. Trump is neither. So, you can feel fine in allowing him a bit of respect without compromising your Independent status.

Oh...to be naive...blissful ignorance.

The R party PUT him there...he's one of them. This whole "rogue" thing is "reality TV" and Trump played his role flawlessly.

Plausible deniability IF Trump actually DOES try to do something about immigration or welfare or Muslims. They can all throw Trump under the bus and say it's HIM...it was HIS idea...not ours. He'll be the fall guy.

Just my thoughts...

[larbud]

Oh...to be naive...blissful ignorance.

The R party PUT him there...he's one of them. This whole "rogue" thing is "reality TV" and Trump played his role flawlessly.

Plausible deniability IF Trump actually DOES try to do something about immigration or welfare or Muslims. They can all throw Trump under the bus and say it's HIM...it was HIS idea...not ours. He'll be the fall guy.

Just my thoughts...

Are you mad cause mommy's dead and it's hard for you to change your own diaper?

[rubicon]

Because otherwise...women and minorities wouldn't GET a mortgage. They NEED quotas because they CAN'T qualify under even the reduced standards.

The previous meltdown never ended, it was covered up by borrowing over a $ trillion every year.

Diversity continues to destroy the country...the culture...western civilization.

We do agree that many of those asking for loans simply cannot afford to own a house. We also can agree that the government is shifting this burden to taxpayers.

What is little talked about are those deeply underfunded public pensions plans . The liabilities are enormous and if responsible political leaders continue to do nothing they will again shift the burden to taxpayers

Personal Best Regards:

[dillywho]

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

This practice is another "everyone gets a participation trophy" philosophy. Why would anyone think that granting mortgages to those who have no means of sustaining it is a good thing?

[MDLNB]

We do agree that many of those asking for loans simply cannot afford to own a house. We also can agree that the government is shifting this burden to taxpayers.

What is little talked about are those deeply underfunded public pensions plans . The liabilities are enormous and if responsible political leaders continue to do nothing they will again shift the burden to taxpayers

Personal Best Regards:


Yes, it was Bill Clinton that started all of this with his "everyone should own a house." And then we ended up with those that were stupid enough to take out Adjustable rate mortgages and decided they no longer wanted their home when the worth of the home fell. They simply walked away from their obligation.

[Don Baldwin]

We do agree that many of those asking for loans simply cannot afford to own a house. We also can agree that the government is shifting this burden to taxpayers.

What is little talked about are those deeply underfunded public pensions plans . The liabilities are enormous and if responsible political leaders continue to do nothing they will again shift the burden to taxpayers

Personal Best Regards:

You mean the ones FORCED to buy a certain percentage of treasuries, expecting a 7-8% yield and getting 2%?

The debt is getting too high to keep rolling over. The interest payments are getting too high to cover without BORROWING.

When you start borrowing to make interest payments...the end isn't too far off.

Many government bonds in Europe have a NEGATIVE interest rate. YOU pay THEM for the "privilege" for letting them borrow your money. It's why they want to eliminate cash so they CAN charge you for holding your money.

This practice is another "everyone gets a participation trophy" philosophy. Why would anyone think that granting mortgages to those who have no means of sustaining it is a good thing?

Women/liberals/minorities who think it's "fair" that EVERYONE be treated "equally" regardless of actual performance or ability.

[Don Baldwin]

Yes, it was Bill Clinton that started all of this with his "everyone should own a house." And then we ended up with those that were stupid enough to take out Adjustable rate mortgages and decided they no longer wanted their home when the worth of the home fell. They simply walked away from their obligation.

Walking away from ARM interest rate resets...ALWAYS higher...much higher...MADE people walk away and THEN the home values started to fall.

Don't put the cart in front of the horse.

[larbud]

Actually obozo said on My tv in front of Me it was ok to ignore your debt if you were a loser like him...

[MDLNB]

Actually obozo said on My tv in front of Me it was ok to ignore your debt if you were a loser like him...

I heard him say the same thing, only not quite so elaborately as you. But, anyone listening to him and does not believe that he fundamentally wished to destroy America, is not very swift anyway.

[autumnspring]

."...And also, soon after he was sworn in, Mr. Trump signed an order to roll back a discount on the fees for a federal mortgage program that helps middle-class homebuyers. ..."
CBSNEWS

Now, see what the orange-faced pig did to help your kids get a mortgage?

What an AH!

RE: Mortgages
While the mortgage rate has gone up a bit it is still at historical lows.
When, mortgage rates are low people can and do spend more for a home. That is simple price inflation.
Personal experience-we bought our previous home that we sold before moving to the villages we bought with a 25 year mortgage at 8.75%. We lived in that house for 40 years and sold it for roughly 6x what we had paid for it. WOW-great except that in those 40 years most everything you buy has gone us the same 6x. Your kids,
might find as we did that they need to live beneath their incomes and SAVE. It seems to be a strange concept in our LIBERAL WORLD. We all have a choice. Either EARN what you want and need or CRY to others.
The concept of let the government pay for it has allowed the LIBERALS to forget. They are the government. Obama ran the government like a credit card fool. The national debt is now TWENTY TRILLION DOLLARS. The share of that debt attached to every man, woman and child in the US is estimated at $85,000. In another source, I read that if we put in a concerted effort to pay of our national debt it will take 40 years. Obama left that unpaid tab on the desk for future presidents to pay back.

SOLUTION-I DO NOT HAVE ONE-DO YOU?

[autumnspring]

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

We took a mortgage of our place in the villages. Reason is well several reasons. First the APY was 3.7%-I am getting far more than that on my investments. Perhaps, more important, I expect our government to trash our dollar. To be honest I am still surprised that it did not happen under Obama. Frankly, I am amazed that the fed got away with stuff like quantitative easing-PRINTING MONEY. If, they do trash the American dollar, I will loose a lot but, I will be able throw those government created trash dollars at my mortgage balance.

The mortgage on our previous home was two pages. The mortgage on this place was at least 12. I was a bit surprised for proof that i am who I say I am they would not allow picture ID as they cannot show your race. While, I have more than enough in stock dividends to pay my mortgage the bank insisted on a letter from my brokerage account that they would send me a check out of my investments thus increasing my shown income to qualify for the mortgage. This is the new normal. Fidelity has a form letter for this. It is truly meaningless because you can AND I DID cancel this the day after you get mortgage approval. My brother in law has a 30 year mortgage and will be over 100 by the time he pays a 30 year mortgage.

THE NEW INSANITY

[autumnspring]

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

Sadly, Obama and his identical twin by different parents Hillary spend too much of their effort blaming others and trying to spin their failures.

TRUMP-due to personality, or having been a businessman is looking not for someone to blame but for solutions to the problems.

Will everything be perfect under Trump=OF COURSE NOT.
Will things be better-I HOPE SO.
Will things be great again- I WILL SETTLE FOR PEOPLE WHO VOTED FOR TRUMP PROUD OF THEIR CHOICE AND PEOPLE WHO DID NOT VOTE FOR TRUMP SAYING ADMITTING THAT NOT VOTING FOR TRUMP WAS A MISTAKE. Perhaps, it is a good thing that TRUMP won but it was close. By Trumps own word his golf game is not what it once was and he will not have time to work on his golf game while he is president

[dirtbanker]

RE: Mortgages
While the mortgage rate has gone up a bit it is still at historical lows.
When, mortgage rates are low people can and do spend more for a home. That is simple price inflation.
Personal experience-we bought our previous home that we sold before moving to the villages we bought with a 25 year mortgage at 8.75%. We lived in that house for 40 years and sold it for roughly 6x what we had paid for it. WOW-great except that in those 40 years most everything you buy has gone us the same 6x. Your kids,
might find as we did that they need to live beneath their incomes and SAVE. It seems to be a strange concept in our LIBERAL WORLD. We all have a choice. Either EARN what you want and need or CRY to others.
The concept of let the government pay for it has allowed the LIBERALS to forget. They are the government. Obama ran the government like a credit card fool. The national debt is now TWENTY TRILLION DOLLARS. The share of that debt attached to every man, woman and child in the US is estimated at $85,000. In another source, I read that if we put in a concerted effort to pay of our national debt it will take 40 years. Obama left that unpaid tab on the desk for future presidents to pay back.

SOLUTION-I DO NOT HAVE ONE-DO YOU?

No, I don't have one. I had one for the first home my wife and I built, but paid it off in 10 years and have not had one in 20 years. But, I am uncomfortable owing anyone for anything... My father always said my inability to work with leverage was holding me back in life, and he was probably right.

I think circumstances and where you are in life (wealth, age, health, needs), changes your perspective as life progresses.

[dave harris]

Dear guest:

I do not want to belabor this topic but you might want to look at what Freddie, Ginnie FHA, etc have been doing under Obama. simply put the same lousy underwriting practices that created the last mortgage crisis and our economic meltdown

Personal Best Regards:

Gee, I have not seen any mortgage crisis or economic meltdown. I must have missed something.

[Don Baldwin]

RE: Mortgages
While the mortgage rate has gone up a bit it is still at historical lows.
When, mortgage rates are low people can and do spend more for a home. That is simple price inflation.
Personal experience-we bought our previous home that we sold before moving to the villages we bought with a 25 year mortgage at 8.75%. We lived in that house for 40 years and sold it for roughly 6x what we had paid for it. WOW-great except that in those 40 years most everything you buy has gone us the same 6x. Your kids,
might find as we did that they need to live beneath their incomes and SAVE. It seems to be a strange concept in our LIBERAL WORLD. We all have a choice. Either EARN what you want and need or CRY to others.
The concept of let the government pay for it has allowed the LIBERALS to forget. They are the government. Obama ran the government like a credit card fool. The national debt is now TWENTY TRILLION DOLLARS. The share of that debt attached to every man, woman and child in the US is estimated at $85,000. In another source, I read that if we put in a concerted effort to pay of our national debt it will take 40 years. Obama left that unpaid tab on the desk for future presidents to pay back.

SOLUTION-I DO NOT HAVE ONE-DO YOU?

Collapse...it's coming. The depression that has been hidden by borrowing over a $trillion a year for 10 years WILL rear it's ugly head...it's always the same...it ISN'T different this time.

[autumnspring]

Oh...to be naive...blissful ignorance.

The R party PUT him there...he's one of them. This whole "rogue" thing is "reality TV" and Trump played his role flawlessly.

Plausible deniability IF Trump actually DOES try to do something about immigration or welfare or Muslims. They can all throw Trump under the bus and say it's HIM...it was HIS idea...not ours. He'll be the fall guy.

Just my thoughts...

In a good deal neither side gets all they want.
PERHAPS, I hope, this past election was A GREAT DEAL FOR THE AMERICAN PEOPLE. The FAR LEFT LIBERAL DEMOCRATS ARE SCREAMING. The FAR RIGHT REPUBLICANS are wondering if TRUMP is truly as HOLY as they claim they are-at least in public.
I HOPE AMERICA HAS GOTTEN A GREAT DEAL.

[MDLNB]

Gee, I have not seen any mortgage crisis or economic meltdown. I must have missed something.

Yes.

[Don Baldwin]

We took a mortgage of our place in the villages. Reason is well several reasons. First the APY was 3.7%-I am getting far more than that on my investments. Perhaps, more important, I expect our government to trash our dollar. To be honest I am still surprised that it did not happen under Obama. Frankly, I am amazed that the fed got away with stuff like quantitative easing-PRINTING MONEY. If, they do trash the American dollar, I will loose a lot but, I will be able throw those government created trash dollars at my mortgage balance.

The mortgage on our previous home was two pages. The mortgage on this place was at least 12. I was a bit surprised for proof that i am who I say I am they would not allow picture ID as they cannot show your race. While, I have more than enough in stock dividends to pay my mortgage the bank insisted on a letter from my brokerage account that they would send me a check out of my investments thus increasing my shown income to qualify for the mortgage. This is the new normal. Fidelity has a form letter for this. It is truly meaningless because you can AND I DID cancel this the day after you get mortgage approval. My brother in law has a 30 year mortgage and will be over 100 by the time he pays a 30 year mortgage.

THE NEW INSANITY

The original insanity was giving women and minorities quotas..trying in vain to equalize them.

Gee, I have not seen any mortgage crisis or economic meltdown. I must have missed something.

They hid it with borrowing and welfare. 50 million on food stamps is a bread line over 9,000 miles long. Millions are living in government housing and section 8. 100 million are "out of the workforce" they've been unemployed for so long.

They've HIDDEN it from you.

[Paper1]

RE: Mortgages
While the mortgage rate has gone up a bit it is still at historical lows.
When, mortgage rates are low people can and do spend more for a home. That is simple price inflation.
Personal experience-we bought our previous home that we sold before moving to the villages we bought with a 25 year mortgage at 8.75%. We lived in that house for 40 years and sold it for roughly 6x what we had paid for it. WOW-great except that in those 40 years most everything you buy has gone us the same 6x. Your kids,
might find as we did that they need to live beneath their incomes and SAVE. It seems to be a strange concept in our LIBERAL WORLD. We all have a choice. Either EARN what you want and need or CRY to others.
The concept of let the government pay for it has allowed the LIBERALS to forget. They are the government. Obama ran the government like a credit card fool. The national debt is now TWENTY TRILLION DOLLARS. The share of that debt attached to every man, woman and child in the US is estimated at $85,000. In another source, I read that if we put in a concerted effort to pay of our national debt it will take 40 years. Obama left that unpaid tab on the desk for future presidents to pay back.

SOLUTION-I DO NOT HAVE ONE-DO YOU?
Giving Obama all the credit for the national debt gives the Republicans a pass, they do not deserve it has they have contributed equally to the mess our grandchildren are in. I am not at all an Obama supporter but he walked into a mess left by W. but he choose to deal with it by mortgaging the futures of our grandchildren instead of making some tough but unpopular decisions. His two children will never have to work a day in their lives unless they wish, he forgot about our children.

[autumnspring]

Well, the SEC under Bush, allowed the Banks and other Wall Street investors to "invest" in high-risk mortgage securities.The answer to lower any further risk of that happening was the Dodd-Frank bill, which was watered down by the Republican congress, and is and has been on the Republican radar to eliminate. So, if that eliminates the solution to the problem, there is a good chance that another mortgage crisis could occur.......stand by for more action by the Republicans to screw things up again....last time the Republicans had majorities in both the House and the Senate and held the White House was just before the Great Depression.....

Are YOU so blind as to blame all the ills of the world, let alone this country on the REPUBLICANS. It is simple to do this if you do not LET FACTS GET IN YOUR WAY.

Your installed OBAMA a democrat has left this country MY COUNTRY with as YOU ILLUSTRATE our population sadly divided in a state of conflict. Obama our first BLACK president was given an opportunity to reduce racial conflict and tension. Instead he CHOSE to fan embers into forest fires. OBAMA HAS DOUBLED THE NATIONAL DEBT-NOW TEN TRILLION DOLLARS AND HE LEFT THIS MONSTROUS DEBT FOR THOSE TO FOLLOW HIM. Hillary has fanned the FEMALES into mass HYSTERIA. They are anti-trump marching with no idea of what they are marching for.
OH. as to blaming the Republicans for the real estate fiasco. DO A BIT OF RESEARCH and you will find the bill that caused SUBPRIME MORTGAGES past under BILL CLINTON.
FOR TRUMP due to his BUSINESS BACKGROUND, IF, YOU WAKE UP, you will see he is looking for solutions. Sadly some DEMOCRATS-such as you are looking for people to BLAME.