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it's not even low-income. I am not low-income, this is just an arbitrary shot at young people.
We have mountains upon mountains of government programs and subsidies for older homeowners, which have eaten trillions into the budget, but evidently those aren't a priority for Senor Trump.
How silly. FHA loans are not geared to age.
Furthermore, the government should not be assuming all the risk for people who sign up for loans they can't afford. Let the banksters take on some of it.
Why was this one of the first things he did? Seems an odd priority. Was this on his list of campaign promises?
It probably had a start date that was coming up soon. It is easier to prevent something from happening in the first place than to roll it back after people took advantage.
Why was this one of the first things he did? Seems an odd priority. Was this on his list of campaign promises?
It wasn't even a controversial issue and dems supported it as well a reps. All this false outrage and the lies by CD posters is typical spreading of false news which seems to be all they have left. Good old ultra liberal Nancy Pelosi was standing right next to Trump while he signed it and she was smiling with approval.
it's not even low-income. I am not low-income, and this is the sort of thing that will cost me. this is just an arbitrary shot at young people.
We have mountains upon mountains of government programs and subsidies for older and wealthier people, which have eaten trillions into the budget, but evidently those aren't a priority for Senor Trump.
Your buddy Senor Obama is costing me an additional $600 a month in Insurance payments every month.
Roll back that plan and many young people could afford to buy that home or a new car to get to work.
it's not even low-income. I am not low-income, and this is the sort of thing that will cost me. this is just an arbitrary shot at young people.
We have mountains upon mountains of government programs and subsidies for older and wealthier people, which have eaten trillions into the budget, but evidently those aren't a priority for Senor Trump.
IT DIDN'T COST YOU ANYTHING.
0bama cut the MIP rate in December. The cut would've taken effect on January 27th, only for people obtaining new mortgages after that point.
Trump just cancelled the cut before it could take effect.
Nothing has been changed. 0bama attempted to put the government in a position where it would go bankrupt faster if people began defaulting on their FHA insured loans en masse. Prompting the gov to print more money, and go deeper in debt than it already is. It was just another shot by 0bama on his farewell destruction tour in the last month of his miserable, destructive Presidency.
Follow?, of course you don't, it's only an opportunity to bash Trump. We all get it. Lie, and obfuscate, because your communist overloads didn't win this round.
0bama cut the MIP rate in December. The cut would've taken effect on January 27th, only for people obtaining new mortgages after that point.
Trump just cancelled the cut before it could take effect.
Nothing has been changed. 0bama attempted to put the government in a position where it would go bankrupt faster if people began defaulting on their FHA insured loans en masse. Prompting the gov to print more money, and go deeper in debt than it already is. It was just another shot by 0bama on his farewell destruction tour in the last month of his miserable, destructive Presidency.
Follow?, of course you don't, it's only an opportunity to bash Trump. We all get it. Lie, and obfuscate, because your communist overloads didn't win this round.
CN
Barack Hussein sprinkled lots of mines in the tax code and regulations that don't take effect until after he was gone. Many of the ACA provisions don't kick in until this year. He kept illegally delaying them until he was safely out of office like the escalated fines and the requirements on businesses.
The point of this is to protect the taxpayers from being saddled with a bunch of bad debt. In 2013, taxpayers paid $1.5 billion to bailout bad FHA loans. So now, this raises the bar to make it more difficult to obtain an FHA loan.
Team Obama said they wanted to protect home affordability - but is it really affordable if you can't keep up with your mortgage payments?
Trump signed an Executive Order on Friday that increased FHA mortgages 6/10 of 1%. That's about $500 more in 2017 for a $200,000 mortgage.
This will have no effect on mortgages for wealthy people, since they don't have FHA loans.
The flip side is that the FHA will get increased revenues to pay off those loans, if they default.
Oh, for God's Sake! Has the OP ever done a single responsible, adult thing in his/her pathetic life?
If one has a locked-in rate, that won't change. Interest rates rise and fall for future mortgages. Nothing new about that. Jeez, that must be one helluva huge rock some folks live under.
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