Page 4 of 17 FirstFirst ... 2345614 ... LastLast
Results 46 to 60 of 251
  1. #1
    Join Date
    Nov 2006
    Posts
    52,529
    Rep Power
    30
    Post Like Stats

    Default Trump Administration Overturns Obama’s FHA Mortgage-Fee Cut

    https://www.bloomberg.com/politics/a...rtgage-fee-cut


    "The Trump administration overturned a mortgage-fee cut under a government program that’s popular with first-time home buyers and low-income borrowers.

    The Department of Housing and Urban Development on Friday said the agency is canceling a reduction announced last week while President Barack Obama was still in office. The Federal Housing Administration had planned to cut its annual fee for most borrowers by a quarter of a percentage point to 0.60 percent, effective on Jan. 27."


    I guess this is his first act. Almost feels like Obama lowered it in case Trump was gonna raise it.

  2. Sponsored Links


  3. #46
    Join Date
    Jul 2004
    Location
    Somewhere in Amerexico
    Posts
    120,746
    Blog Entries
    1
    Rep Power
    30
    Post Like Stats

    Default

    Quote Originally Posted by reflechissez View Post
    I know that. But that's not what you were referring to.
    I wasn't referring to mortgage rates or you don't think interest rates have anything to do with mortgage rates?
    Self appointed forum Mark Zuckerberg, feel free to ask me if any news story is real or fake.

  4. Sponsored Links


  5. #47
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by reflechissez View Post
    trump is here to help you.
    Trump hasn't said he was going to give me a house or anyone else for that matter.

    Just keep on spouting the stupidity your masters tell you. After all ignorance is bliss.
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  6. Sponsored Links


  7. #48
    Join Date
    Jul 2004
    Location
    Somewhere in Amerexico
    Posts
    120,746
    Blog Entries
    1
    Rep Power
    30
    Post Like Stats

    Default

    Quote Originally Posted by reflechissez View Post
    Ok. You are even more clueless than I thought.
    Nope, they're right. If your credit wasn't great or you couldn't come up with a lot to put down people could end up with rates that high back then. There was also a lot of owner financing, when it's that expensive to get a mortgage people get creative.
    Last edited by zantax; January 20th, 2017 at 5:25 pm.
    Self appointed forum Mark Zuckerberg, feel free to ask me if any news story is real or fake.

  8. Sponsored Links


  9. #49
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by reflechissez View Post
    Ok. You are even more clueless than I thought.
    Too bad, you don't think I have a clue. If you could think for yourself you'd be dangerous.
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  10. Sponsored Links


  11. #50
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by reflechissez View Post
    Mortgage rates were never 25%. You remembered wrong. I mean, you know this is easy to fine out....right?
    Yeah, I did check and if your talking prime rate your right. Otherwise.............
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  12. Sponsored Links


  13. #51
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by Who View Post
    You lie.
    Nice of you to pick the one that agrees with you.
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  14. Sponsored Links


  15. #52
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by Milt Friedman Republican View Post
    Sounds like you need to be renting then.....
    Same thing with rent. It'd be a lot easier to rent if my Obama mandated health care hadn't just doubled.
    Last edited by Dragon1963; January 20th, 2017 at 6:11 pm.
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  16. Sponsored Links


  17. #53
    Join Date
    Jul 2007
    Location
    New Jersey
    Gender
    Male
    My Mood
    Calm
    Ideology
    Republican Party
    Posts
    6,193
    Rep Power
    13
    Post Like Stats

    Default

    Quote Originally Posted by zantax View Post
    You are talking to another guy who came of age when mortgage rates were around 18%, so excuse me if I don't shed any tears. And that was done to remove far less excess cash in the system then we have floating around now.
    I was about 17-18 years old when those rates started to drop. We were moving and I can remember my mother being very happy when she got a loan in the 10% range.

    Quote Originally Posted by Wildmouse View Post
    I have never been rich but I have always put down at least 20% whether or not it was required. You get better terms because lenders like the willingness to have 'skin in the game'.
    Same here with the only two times I have bought a house. When I bought my first house (1993) they made you buy insurance for any amount under 20%. So if you could only put 10% down, and was approved, you still had to buy insurance on the remaining 10%. I made sure I came up with 20%. I'm not sure if this is still the way they do it. Or if and when they ended this practice.

  18. Sponsored Links


  19. #54
    Join Date
    Oct 2008
    Location
    somewhere over the rainbo
    Gender
    Male
    My Mood
    Inspired
    Ideology
    Conservative
    Posts
    41,842
    Blog Entries
    1
    Rep Power
    29
    Post Like Stats

    Default

    So Trump made it the same for all eh? Yeah.......that sounds very unfair.
    Friendly Neighborhood...Smyrnaman

  20. Sponsored Links


  21. #55
    Join Date
    Jul 2015
    Gender
    Male
    My Mood
    Sanguine
    Ideology
    Independent
    Posts
    913
    Rep Power
    3
    Post Like Stats

    Default

    Quote Originally Posted by Toll Collector View Post
    I was about 17-18 years old when those rates started to drop. We were moving and I can remember my mother being very happy when she got a loan in the 10% range.



    Same here with the only two times I have bought a house. When I bought my first house (1993) they made you buy insurance for any amount under 20%. So if you could only put 10% down, and was approved, you still had to buy insurance on the remaining 10%. I made sure I came up with 20%. I'm not sure if this is still the way they do it. Or if and when they ended this practice.
    You still have to pay PMI on standard mortgages from Fannie/Freddy that have an LTV greater than 79%

  22. Sponsored Links


  23. #56
    Join Date
    May 2004
    Location
    The road less travelled
    My Mood
    Happy
    Posts
    108,694
    Blog Entries
    6
    Rep Power
    30
    Post Like Stats

    Default

    Quote Originally Posted by Dragon1963 View Post
    Nice of you to pick the one that agrees with you.
    I "picked" the historically accurate one.

    #37

    Which shows how wrong you were.

    Just like you were wrong earlier today in having the basic understanding of Kristallnacht.
    .........................
    “The best defense against bull **** is vigilance - So if you smell something, say something." Jon Stewart

  24. Sponsored Links


  25. #57
    Join Date
    Jul 2007
    Location
    New Jersey
    Gender
    Male
    My Mood
    Calm
    Ideology
    Republican Party
    Posts
    6,193
    Rep Power
    13
    Post Like Stats

    Default

    Quote Originally Posted by eclipze View Post
    You still have to pay PMI on standard mortgages from Fannie/Freddy that have an LTV greater than 79%
    Ok. Didn't know they still did that.

  26. Sponsored Links


  27. #58
    Join Date
    Apr 2007
    Location
    Tucson, AZ
    Age
    54
    Posts
    17,811
    Blog Entries
    1
    Rep Power
    14
    Post Like Stats

    Default

    Quote Originally Posted by Who View Post
    I "picked" the historically accurate one.

    #37

    Which shows how wrong you were.

    Just like you were wrong earlier today in having the basic understanding of Kristallnacht.
    I didn't pick one because there were several dozen charts all with different numbers in the same time period. You picked one that has what you wanted to see and ran with it.

    As for Kristallnaucht, I have a very good understanding of it or else I wouldn't have made that comment.
    I'm not afraid of the dark. It's what I see in the dark that scares me.

  28. Sponsored Links


  29. #59
    Join Date
    Jul 2007
    Location
    New Jersey
    Gender
    Male
    My Mood
    Calm
    Ideology
    Republican Party
    Posts
    6,193
    Rep Power
    13
    Post Like Stats

    Default

    Quote Originally Posted by dantes View Post
    I guess we should be celebrating Obama keeping home ownership at record lows among Millennials.

    Thanks Obama.
    Buying a home isn't cheap. I can honestly say I do not know a single millennial that owns a home. But then again, any house in a decent area north of route 78 is going to cost 300k+ here in NJ.

  30. Sponsored Links


  31. #60
    Join Date
    Aug 2004
    Posts
    45,569
    Rep Power
    27
    Post Like Stats

    Default

    We're building another housing bubble just like the last one:

    http://www.msn.com/en-us/money/reale...rry/ar-AAm1hjN

    Obama's 11th hour decree was just going to toss fuel on the fire.
    ... deliver us from evil.

  32. Sponsored Links


  33. Likes Dragon1963 liked this post

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •