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Post by Walter on Jan 20, 2017 19:31:58 GMT -5
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Post by AlaCowboy on Jan 20, 2017 20:05:56 GMT -5
Obama raised those FHA fees 5 times during his presidency. Where were you in denouncing those increases? THE FHA insures loans against default to protect mortgage lenders. Those small fees are the only reserve FHA has before going to the taxpayers for money to cover defaults. Anyone borrowing $200,000 for a home mortgage can easily afford that $500 the first year. If they can't they need to buy a lower cost home.The FHA came under severe stress after the financial crisis. In 2013, it needed $1.7 billion from the U.S. Treasury, its first bailout in 79 years, due to a wave of defaults. To replenish the FHA’s coffers, the Obama administration several times increased the fees the agency charges. The law requires the FHA’s capital reserve ratio to stay above 2 percent, and the agency hit that level in 2015 for the first time since the bailout.
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56-43-2* OVER FLORIDA. ALWAYS IN THE LEAD.
THE CRYBABY LIZARDS WOULD ACCEPT THIS IF THEY WERE HONEST
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FLORIDA HAS ONLY 8 SEC CHAMPIONSHIPS
BACK-TO-BACK NATIONAL CHAMPIONS 2021! 2022!
FOUR NATIONAL CHAMPIONSHIPS!
AMERICAN BY BIRTH. SOUTHERN BY THE GRACE OF GOD!!!
2017 GRAND DOUCHE AWARD WINNER - NOW RETIRED
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Post by Deleted on Jan 20, 2017 20:22:32 GMT -5
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Post by Walter on Jan 20, 2017 20:39:22 GMT -5
Obama raised those FHA fees 5 times during his presidency. Where were you in denouncing those increases? THE FHA insures loans against default to protect mortgage lenders. Those small fees are the only reserve FHA has before going to the taxpayers for money to cover defaults. Anyone borrowing $200,000 for a home mortgage can easily afford that $500 the first year. If they can't they need to buy a lower cost home.The FHA came under severe stress after the financial crisis. In 2013, it needed $1.7 billion from the U.S. Treasury, its first bailout in 79 years, due to a wave of defaults. To replenish the FHA’s coffers, the Obama administration several times increased the fees the agency charges. The law requires the FHA’s capital reserve ratio to stay above 2 percent, and the agency hit that level in 2015 for the first time since the bailout. I'm sure that all those struggling young families who voted for Trump and who were in the process of closing a loan are very happy tonight knowing their new POTUS just cost them that extra money. They will sleep well knowing that they did their part. America is a little greater tonight. On behalf of all Americans, I thank them for their sacrifice. |
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Post by cyberobb99 on Jan 20, 2017 21:02:21 GMT -5
From the article.... "Last week, Obama’s Housing and Urban Development secretary, Julian Castro, said the FHA would cut its fees. The administration didn’t consult Trump’s team before the announcement. Republicans have argued in the past that reductions put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults." So Obama was throwing shit out there like a capuchin on meth, and you're upset that Trump said "let's put that on hold"? |
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Post by Deleted on Jan 20, 2017 21:20:53 GMT -5
Nice opening salvo, Walt. I will expect 8 years minimum of bomb throwing from you, but more likely 16. Your party is dead and irrelevant yet they keep digging the grave deeper. Chucky was in rare form today.
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Post by cyberobb99 on Jan 20, 2017 21:28:15 GMT -5
Nice opening salvo, Walt. I will expect 8 years minimum of bomb throwing from you, but more likely 16. Your party is dead and irrelevant yet they keep digging the grave deeper. Chucky was in rare form today. The Democrat party is in serious trouble, and Liberals just don't see it. That's fine. They can go the way of the Whigs, the Know-nothings, the Bull Moose party and all the other parties which once existed in the U.S. and no longer do. |
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Post by bamorin on Jan 20, 2017 21:44:53 GMT -5
Chucky was in rare form today. Chucky couldn't let go of the gremlins, wargs, snarks, and rabid bunnies.....They've kept him in office a long time. Trump had that......."yeah, whatever" stare going. funny shit. |
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Post by Deleted on Jan 20, 2017 21:51:59 GMT -5
Chucky was in rare form today. Chucky couldn't let go of the gremlins, wargs, snarks, and rabid bunnies.....They've kept him in office a long time. Trump had that......."yeah, whatever" stare going. funny shit. Chuck are snart™. |
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Post by Walter on Jan 20, 2017 22:20:39 GMT -5
From the article.... "Last week, Obama’s Housing and Urban Development secretary, Julian Castro, said the FHA would cut its fees. The administration didn’t consult Trump’s team before the announcement. Republicans have argued in the past that reductions put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults." So Obama was throwing shit out there like a capuchin on meth, and you're upset that Trump said "let's put that on hold"? Bottom line...Americans will pay more to buy a house...because it makes America great. Can we agree? |
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Post by Deleted on Jan 20, 2017 22:25:27 GMT -5
From the article.... "Last week, Obama’s Housing and Urban Development secretary, Julian Castro, said the FHA would cut its fees. The administration didn’t consult Trump’s team before the announcement. Republicans have argued in the past that reductions put taxpayers at risk by lowering the funds the FHA has to deal with mortgage defaults." So Obama was throwing shit out there like a capuchin on meth, and you're upset that Trump said "let's put that on hold"? Bottom line...Americans will pay more to buy a house...because it makes America great. Can we agree? Where were all of your nit-picky criticisms of Barry? |
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Post by Deleted on Jan 20, 2017 22:54:08 GMT -5
If it was such a great move, why did Obama wait until he was dead in he water to make it?
All of Obama's last ditch efforts to undermine Trump SHOULD be cancelled.
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Post by Walter on Jan 20, 2017 23:07:55 GMT -5
Making it more expensive to buy a house makes America great.
Yes or no?
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Post by Deleted on Jan 20, 2017 23:23:36 GMT -5
Making it more expensive to buy a house makes America great. Yes or no?
Which experts did Obama consult with before he made this one-man, last-minute decision?
Now answer the million dollar question:
If this were a problem that needed fixing, why didn't Obama fix it a long time ago?
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Post by mscott59 on Jan 20, 2017 23:27:03 GMT -5
Making it more expensive to buy a house makes America great. Yes or no?
Which experts did Obama consult with before he made this one-man, last-minute decision?
Now answer the million dollar question:
If this were a problem that needed fixing, why didn't Obama fix it a long time ago?
after raising fees to cover at least part of the bailout costs, isn't it feasible that the cut was a genuine effort to roll back a small part of what homeowners have to pay? jeez |
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mark scott
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