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This ego maniac overturns Obama rate reduction bill to punish the middle class . Cant wait to see how RP Trump lovers spin this into something positive
How Donald Trump Just Raised Many Mortgage Bills
Posted from time.com
Donald Trump
Mortgage
Housing
Posted 8 y ago
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So please cite where President Trump's stated purpose was to punish the middle class and for what he is punishing them.
I'd love to spin the act into something positive for you.
People on the lower end of the economic scale, who have middling credit scores, or have made down payments less than 20% are much more likely to default on their loans. It is the same principle by which 16-25 year olds pay much higher auto insurance than 50 year olds. Previous acts by the Democrats to "ensure everyone gets their piece of the American dream, home ownership" have increased demand, while putting high risk buyers into the market. Also banks have been forced to lower their standards for determining if or how much they want to extend to high risk buyers. The end result is a volatile real estate market. That is a bad market to have volatile.
What Republicans are trying to do is small corrections now to stop a similar housing bubble that existed at the end of the Bush administration and was primarily caused by Democratic legislation.
I'd love to spin the act into something positive for you.
People on the lower end of the economic scale, who have middling credit scores, or have made down payments less than 20% are much more likely to default on their loans. It is the same principle by which 16-25 year olds pay much higher auto insurance than 50 year olds. Previous acts by the Democrats to "ensure everyone gets their piece of the American dream, home ownership" have increased demand, while putting high risk buyers into the market. Also banks have been forced to lower their standards for determining if or how much they want to extend to high risk buyers. The end result is a volatile real estate market. That is a bad market to have volatile.
What Republicans are trying to do is small corrections now to stop a similar housing bubble that existed at the end of the Bush administration and was primarily caused by Democratic legislation.
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Ah, far left journalistic integrity, I see. News Flash (and, sorry, but it's factual, not hyperbolic bullshit): Trump didn't raise ANYTHING. Here STOPPED a cut that Obama tried to sneak in in his waning days. Nobody is going to pay any more than they were before. This is just another example of liberal media trying to stir shit up where there's none to be had.
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SSgt Ray Stone
Oh really, so the article is false or are you typing alternative facts ..lol. Right after his inauguration speech where he mentions to support the common man a.k.a middle class and poor Americans he goes and signs this bill in which new home owners has an increase in out of pocket fees. Yeah Rich man the increase may seem small to you , but tell that to those new home owners
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SN Greg Wright
SSgt Ray Stone - Dude you're blindly ignoring the facts, which are these, and I'll use all caps to try to get you to understand: TRUMP DID NOT RAISE ANYTHING AT ALL. THAT IS INCORRECT. He STOPPED a CUT that Obama tried to sneak in. If you're going to talk about issues that you're passionate about, at least educate yourself so that you don't look silly.
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SSgt Ray Stone
SN Greg Wright - Why would I listen to someone who gets their talking points from FOX NEWS, instead of bi partisan TIMES. The article states as clear as day he OVERTURNED an OBAMA bill that benefits first time home buyers. READ READ READ
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I read the article and think it was a long term decision to replenish the coffers that help low income buyers, not just now but later. This is why Dr. Ben Carson was selected for HUD.
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