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HUD suspends FHA mortgage insurance rate cut


Morphine Prince

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Morphine Prince

An hour after Donald Trump assumed the presidency Friday, his administration indefinitely suspended a pending rate cut for mortgage insurance required for FHA-backed loans, which are popular with first-time home buyers and those with poor credit.

The move by the Department of Housing and Urban Development — one of the first acts of Trump’s administration — reversed a policy announced in the waning days of the Obama presidency that would have trimmed insurance premiums for typical borrowers by hundreds of dollars a year.

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Good. 

This easy mortgage **** led to the 2008 financial crisis.

"I am the world's greatest person that does not want to let people into the country."—US President Donald J. Trump
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Conservatives say housing is a privilege, but complain about homelessness at the same time. 

They cause all of the damage, but are offended when they're forced to deal with the consequences.

You wonder why people are mad.  

 

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FGGrayson

lmfao poor murica :giggle:

𝗟𝗮𝗱𝘆 𝗚𝗮𝗴𝗮 • 𝗠𝗮𝗻𝗱𝘆 𝗠𝗼𝗼𝗿𝗲 • 𝗦𝗼𝗽𝗵𝗶𝗲-𝗘𝗹𝗹𝗶𝘀 𝗕𝗲𝘅𝘁𝗼𝗿 • 𝗣𝗮𝗿𝗶𝘀 𝗝𝗮𝗰𝗸𝘀𝗼𝗻
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ItsTommyBitch

I really need to start keeping a list of all of Trump's "accomplishments" and acts as president on a form, then after X time goes by, post it periodically updated and @ all of the Trump supporters on this website and try to see them explain away some of these things :gum: 

It would be a truly Orwellian experience :diane: 

私自身もこの世の中も誰もかれもが, どんなに華やかな人生でも, どんなに悲惨な人生でも, いつかは変貌し, 破壊され、消滅してしまう. すべてがもともとこの世に存在しない一瞬の幻想なのだから
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7 hours ago, Goosey said:

Good. 

This easy mortgage **** led to the 2008 financial crisis.

salty??............

salty much??...........

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xoxo cupcakke
37 minutes ago, ItsTommyBitch said:

I really need to start keeping a list of all of Trump's "accomplishments" and acts as president on a form, then after X time goes by, post it periodically updated and @ all of the Trump supporters on this website and try to see them explain away some of these things :gum: 

It would be a truly Orwellian experience :diane: 

I will be posted for the exposé and tea accompaniment :sis:

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Whispering
7 hours ago, Goosey said:

Good. 

This easy mortgage **** led to the 2008 financial crisis.

That has nothing to do with FHA. The FHA does not make loans. It is an insurance service that has successfully been helping veterans, first time buyers and the middle class purchase homes since the 1930s. 

The housing crises was due to shady practices with banks making adjustable rate mortgages, a falling housing market, refinancing homes up to 120 per cent of the appraised value, forty and fifty year loans and out of control credit card debt. The combination of these factors caused the housing crises. FHA loans did not cause the crises. 

BTW, current loan requirements are stricter than they have ever been, with the new guidelines set in the last eight years. There is absolutely nothing "easy" about getting a house mortgage in the US! 

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PaperIz
12 minutes ago, Whispering said:

That has nothing to do with FHA. The FHA does not make loans. It is an insurance service that has successfully been helping veterans, first time buyers and the middle class purchase homes since the 1930s. 

The housing crises was due to shady practices with banks making adjustable rate mortgages, a falling housing market, refinancing homes up to 120 per cent of the appraised value, forty and fifty year loans and out of control credit card debt. The combination of these factors caused the housing crises. FHA loans did not cause the crises. 

BTW, current loan requirements are stricter than they have ever been, with the new guidelines set in the last eight years. There is absolutely nothing "easy" about getting a house mortgage in the US! 

Scalp him, sistren. :nails: 

Human generated art
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1 hour ago, ItsTommyBitch said:

I really need to start keeping a list of all of Trump's "accomplishments" and acts as president on a form, then after X time goes by, post it periodically updated and @ all of the Trump supporters on this website and try to see them explain away some of these things :gum: 

It would be a truly Orwellian experience :diane: 

A reverse Orwellian experience? :toofunny:

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SychosSoChic
1 hour ago, ItsTommyBitch said:

I really need to start keeping a list of all of Trump's "accomplishments" and acts as president on a form, then after X time goes by, post it periodically updated and @ all of the Trump supporters on this website and try to see them explain away some of these things :gum: 

It would be a truly Orwellian experience :diane: 

It would be ICONIC.

Life ain't Hollywood for any one of us.
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Chromatislaps
10 hours ago, ItsTommyBitch said:

I really need to start keeping a list of all of Trump's "accomplishments" and acts as president on a form, then after X time goes by, post it periodically updated and @ all of the Trump supporters on this website and try to see them explain away some of these things :gum: 

It would be a truly Orwellian experience :diane: 

 

Please DO, and after a year you can post it, and start a petition for a presidential resignation 

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