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Mortgages--No more "Mr. Nice Guy"
."...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! |
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Bush deserves credit for the Mortgage Meltdown
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That would be "Mr. President" to you....And speaking of AHs, join the club!
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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. |
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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.
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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.
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If you want to steer America towards greatness...it MUST be steered by white men again. |
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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: |
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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. |
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 |
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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. |
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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... |
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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: |
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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. |
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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. Quote:
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Don't put the cart in front of the horse. |
Actually obozo said on My tv in front of Me it was ok to ignore your debt if you were a loser like him...
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A safe bet-you did not vote for trump
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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? |
Not based on my recent experience
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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 |
I expect you too voted for trump
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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 |
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I think circumstances and where you are in life (wealth, age, health, needs), changes your perspective as life progresses. |
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Trump reports he is the great deal makers
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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. |
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They've HIDDEN it from you. |
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Really
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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. |
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