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Posted: 1/20/2017 6:31:00 PM EDT
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.)
I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. 
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Posted: 1/20/2017 6:32:43 PM EDT
[#1]
Pretend that a good many of us have no idea what you're talking about..
Like me, for instance. |
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Posted: 1/20/2017 6:33:19 PM EDT
[#2]
Stop selling loans to people who cant afford them. Remember what you fuckers did to our housing market last time. Especially florida.
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Posted: 1/20/2017 6:33:21 PM EDT
[#3]
Quote HistoryQuoted:
Pretend that a good many of us have no idea what you're talking about.. Like me, for instance. That is because this is a DUPE http://www.ar15.com/forums/t_1_5/1956993_Trump-first-EO-voids-savings-for-FHA-Mortgage-holders.html |
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Posted: 1/20/2017 6:33:45 PM EDT
[#4]
That cut hadn't even gone into effect yet.
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Posted: 1/20/2017 6:35:00 PM EDT
[#5]
How many of those people shouldn't be buying homes? Enough of the FSA. We are headed to a second mortgage and default crisis because things have become too lose, again.
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Posted: 1/20/2017 6:35:25 PM EDT
[#6]
Quote HistoryQuoted:
That cut hadn't even gone into effect yet. And OP wants to create another mortgage crisis |
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Posted: 1/20/2017 6:37:11 PM EDT
[#7]
Quoted:
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.) I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. No spin needed. The government shouldn't be in the business of subsidizing mortgages for people that can't afford them. Simple as that. |
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Posted: 1/20/2017 6:37:12 PM EDT
[#8]
Hey, MAGA folks are just getting a taste how a Bilionaire is "for the common folk" hahahaha More to come!!!
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Posted: 1/20/2017 6:37:49 PM EDT
[#9]
Quote HistoryQuoted:
And OP wants to create another mortgage crisis you apparently have no clue what MIP is or does lol |
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Posted: 1/20/2017 6:37:57 PM EDT
[#10]
Quote HistoryQuoted:
How many of those people shouldn't be buying homes? Enough of the FSA. We are headed to a second mortgage and default crisis because things have become too lose, again. Ding ding ding. |
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Posted: 1/20/2017 6:38:13 PM EDT
[#11]
All of the above. Don't sell houses to people that can't pay for them. 20% down at a minimum.
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Posted: 1/20/2017 6:38:15 PM EDT
[#12]
If you can't afford the extra $500 per year, you shouldn't be buying the house.
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Posted: 1/20/2017 6:38:18 PM EDT
[#13]
I don't know what op is on about, but from the responses thus far he seems bad and wrong and part of the housing market problem
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Posted: 1/20/2017 6:38:52 PM EDT
[#14]
My mortgage broker steered me away from FHA because the mortgage insurance never goes away unless you refi.
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Posted: 1/20/2017 6:39:26 PM EDT
[#15]
Quoted:
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.) I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. .25% ? Too bad your ox was gored; tough shit. |
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Posted: 1/20/2017 6:39:31 PM EDT
[#16]
Quote HistoryQuoted:
All of the above. Don't sell houses to people that can't pay for them. 20% down at a minimum. That will do a great things for say.....those good paying construction jobs that have nothing to build now..... |
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Posted: 1/20/2017 6:40:14 PM EDT
[#17]
coc
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Posted: 1/20/2017 6:40:25 PM EDT
[#18]
Quote HistoryQuoted:
No spin needed. The government shouldn't be in the business of subsidizing mortgages for people that can't afford them. Simple as that. Period |
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Posted: 1/20/2017 6:40:31 PM EDT
[#19]
Pissed off realtors who don't get easy commissions selling homes to people that couldn't afford them to begin with.
Does no one remember the housing crash of 2008? |
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Posted: 1/20/2017 6:40:38 PM EDT
[#20]
Quoted:
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.) I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. LO FUCKING L typical mortgage broker (COC words) making empty promises. .25% will save your average FHA client what, $100/year? If that is going to make or break them, perhaps you shouldn't be writing the fucking mortgage. 
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Posted: 1/20/2017 6:40:48 PM EDT
[#21]
I heard on the news Obama cut it not Trump
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Posted: 1/20/2017 6:40:56 PM EDT
[#22]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... How about apartment complexes? |
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Posted: 1/20/2017 6:41:35 PM EDT
[#23]
Quote HistoryQuoted:
No spin needed. The government shouldn't be in the business of subsidizing mortgages for people that can't afford them. Simple as that. And you would not know what you are talking about. FHA loans are all full documentation with a low default rate. |
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Posted: 1/20/2017 6:41:41 PM EDT
[#24]
Quote HistoryQuoted:
I don't know what op is on about, but from the responses thus far he seems bad and wrong and part of the housing market problem |
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Posted: 1/20/2017 6:41:44 PM EDT
[#25]
Quote HistoryQuoted:
I don't know what op is on about, but from the responses thus far he seems bad and wrong and part of the housing market problem He'll get more sympathy over at DU. |
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Posted: 1/20/2017 6:41:45 PM EDT
[#26]
Quoted:
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.) I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. Fake News. The cut never went active. It was one of Zero's little EO's to further fuck up the home mortgage industry. |
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Posted: 1/20/2017 6:41:51 PM EDT
[#27]
The repeal is insignificant as the money on the table is insignificant. If this is a deal breaker for your clients they have no business buying a home in the first place.
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Posted: 1/20/2017 6:42:18 PM EDT
[#28]
Quoted:
I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. oh you mean the same fucksticks that shouldn't be buying in the 1st place??? fuck them |
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Posted: 1/20/2017 6:42:46 PM EDT
[#29]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... Pretty clear you don't know how things work in the new residential home construction industry. Tract housing construction is not a "good paying construction job" unless you are an illegal, then you do alright.
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Posted: 1/20/2017 6:42:54 PM EDT
[#30]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... They'll have plenty to build. People that can afford houses will buy houses. People that can't won't and therefore we won't have another 07/08 which is what really killed construction jobs. |
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Posted: 1/20/2017 6:42:59 PM EDT
[#31]
FHA loans are bullshit that rip off the common man.
If you can't do a traditional 30yr you need to stay renting or work harder. OP's butthurt because he was underwriting asshole loans with government ink. MAGA! |
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Posted: 1/20/2017 6:43:19 PM EDT
[#32]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... Quote HistoryQuoted:
Quoted:
All of the above. Don't sell houses to people that can't pay for them. 20% down at a minimum. That will do a great things for say.....those good paying construction jobs that have nothing to build now..... You mean like good paying construction jobs that have been absent for the last 8 years because of the housing glut brought on by underwriting mortgages for people that had no business buying a house? Which were then foreclosed on, and drove down the price of existing homes because of the surplus? |
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Posted: 1/20/2017 6:43:29 PM EDT
[#33]
I want
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Posted: 1/20/2017 6:43:31 PM EDT
[#34]
It is so simple:
Is the FED.gov operating beyond its enumerated powers in this situation? If so, execute plans to remove the shenanigans from the FED.gov's hands and turn it over to the private sector. |
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Posted: 1/20/2017 6:43:41 PM EDT
[#35]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... Instead of building houses with credit and then selling them to people on credit that won't pay for them? Because that wasn't sustainable. |
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Posted: 1/20/2017 6:44:13 PM EDT
[#36]
If they can't afford a .25% "increase", although it's not an increase since it hasn't even happend yet, maybe they need to start looking at housing more in their actual price range.
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Posted: 1/20/2017 6:45:06 PM EDT
[#37]
Hey OP, I've got an idea. Why don't you tell them no more FSA. Also, sorry Hillary lost, lol.
Trump apologist? Please. I'm not apologizing for shit. Fuck the FSA. MAGA |
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Posted: 1/20/2017 6:45:24 PM EDT
[#38]
The feds were taking my tax money and using it to subsidize those lower rates. Why are those borrowers entitled to my money?
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Posted: 1/20/2017 6:45:28 PM EDT
[#39]
Quote HistoryQuoted:
And you would not know what you are talking about. FHA loans are all full documentation with a low default rate. Quote HistoryQuoted:
Quoted:
No spin needed. The government shouldn't be in the business of subsidizing mortgages for people that can't afford them. Simple as that. And you would not know what you are talking about. FHA loans are all full documentation with a low default rate. Irrelevant. Government shouldn't be subsidizing home loans. You're free to start a mortgage company to help all those who can't afford the down payment if you feel that strongly about it. |
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Posted: 1/20/2017 6:45:29 PM EDT
[#40]
Seems strange that both the dissenters in this thread are both 2009 accounts with low post counts.
It also seems strange that one of them has been negative in every president thread today. |
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Posted: 1/20/2017 6:45:45 PM EDT
[#41]
Read this.
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Posted: 1/20/2017 6:45:56 PM EDT
[#42]
Quoted:
This is how this guy claims to be for the common man?? Obama cut the FHA premium by .25% and we have been promoting that for our clients. (I'm in the mortgage business.) I am really pissed because this was a no brainer to help first time home buyers and lower income folks with buying or refinancing their homes. Now we are having to go back to our borrowers and tell them no good, you have to pay the higher premium thanks to your new president. So all you Trump apologists spin this. lulz... low poster hit piece.... |
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Posted: 1/20/2017 6:46:01 PM EDT
[#43]
Trump is helping the common man by protecting him from people like the OP who will happily put him in a home he can't afford and will lose in 5 years and he did it without some stupid law but by simply rescinding some of Obama's "I'm from the government and I'm here with other people's money to help.". He is letting the free market choose who should get what rate.
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Posted: 1/20/2017 6:46:24 PM EDT
[#44]
Quote HistoryQuoted:
I want poor people to keep being able to buy houses they cant afford, so i can buy the foreclosures for cheap. 
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Posted: 1/20/2017 6:46:27 PM EDT
[#45]
Quote HistoryQuoted:
That will do a great things for say.....those good paying construction jobs that have nothing to build now..... Quote HistoryQuoted:
Quoted:
All of the above. Don't sell houses to people that can't pay for them. 20% down at a minimum. That will do a great things for say.....those good paying construction jobs that have nothing to build now..... Is this English? |
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Posted: 1/20/2017 6:46:31 PM EDT
[#46]
If a quarter point is a deal breaker, then...
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Posted: 1/20/2017 6:46:37 PM EDT
[#47]
Quote HistoryQuoted:
And you would not know what you are talking about. FHA loans are all full documentation with a low default rate. Also explain "full documentation" compered to conventional loans, especially the part about blended ratios. |
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Posted: 1/20/2017 6:46:39 PM EDT
[#48]
Quote HistoryQuoted:
FHA loans are bullshit that rip off the common man. If you can't do a traditional 30yr you need to stay renting or work harder. OP's butthurt because he was underwriting asshole loans with government ink. MAGA! And if you don't have 20% down you can still do a traditional 30 year AND your MI goes away eventually. FHA that shit is forever. |
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Posted: 1/20/2017 6:46:48 PM EDT
[#49]
Quote HistoryQuoted:
No spin needed. The government shouldn't be in the business of subsidizing mortgages for people that can't afford them. Simple as that. Bingo. The fewer mortgages in this country, the better. |
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Posted: 1/20/2017 6:47:48 PM EDT
[#50]
The government should not be in the business of subsidizing homes for poor people. I don't care that you and your company were profiting from this.
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