First act: Raising mortgage rates on struggling homeownes
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One of Donald Trump’s first acts as president was to hurt struggling homeowners by signing an executive order that reversed an Obama interest rate cut on FHA mortgages.
This is how Trump began his presidency that he claimed gave power pack to the people:
JUST IN: In one of first Trump admin. orders, Dept of Housing & Urban Dev. suspends reduction of FHA annual mortgage insurance premium rates
— CNBC (@CNBC) January 20, 2017
Copyright 2017 Liberaland
68 responses to First act: Raising mortgage rates on struggling homeownes
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robert January 20th, 2017 at 20:10
Dr Ben strikes again !
Red Mann January 20th, 2017 at 23:41
Hey, he needs money to build some world class pyramids for the grain farmers are going to produce in the Great Leap Forward.
mea_mark January 20th, 2017 at 20:16
I guess tRump thinks the best way to help Americans is to hurt them financially. I bet the stock market won’t like this either. Drive up the cost of housing and sales slow. Sales slow, work slows down and that starts a ripple effect in the economy. The guy really has no clue what he is doing, he can’t even see the obvious.
The Original Just Me January 20th, 2017 at 21:27
Blood stains on your TP means Trump Got YA.
Red Mann January 20th, 2017 at 23:39
Gives them the incentive to get jobs, bootstraps and all that. Though Love! Makes them Great Americans again.
granpa.usthai January 20th, 2017 at 23:47
could just be his way of ‘forcing’ folks to “renegotiate” for a better deal?
whatthe46 January 21st, 2017 at 03:30
the stock market dropped upon his speech or doing it i read. like really dropped
Jungle_Bhoy January 21st, 2017 at 07:40
I saw that too – about 100 points on the DJIA
Mike N. January 20th, 2017 at 21:10
It’s just one of the many f’ed up things he did today!
The Original Just Me January 20th, 2017 at 21:26
Hey Coal Miners ! I hope you had your house paid off. Hee Hee Hee Hee Hee
Buford2k11 January 21st, 2017 at 11:10
umm….I don’t…and If I lose the SSDI…I will be homeless…but then again…I didn’t vote for trump…and yes, the coal miners are a desperate bunch…we spent a lifetime learning a lot of skills that cannot be used above ground…we learned these skills to stay alive to collect a fairly decent paycheck…So…the loss of the UMWA in many areas have been one of the main causes of the decline of the wages and benefits of coal mining…The UMWA of my time, always supported the Democratic Candidates…
grandpatimbo January 21st, 2017 at 12:25
Coal, as you probably have realized, is not going to come back in any meaningful way. Sadly, I think that your situation is typical of many who worked or still work in that industry. The rest of the American work force can thank the UMWA for much of the safety regulations in the work place that resulted in OSHA as well as state programs. A large part of the decline has to do with technology as old skills learned and practiced through the years are no longer relevant. I was very fortunate in being able to retire 14 years ago after working as an industrial electrician for over 40 years and there is no way that I could work in that industry now without a couple of years of advanced schooling as the control systems and methodology have changed so much. I have a decent defined benefit pension and about $2k/mo from SS and am able to live comfortably within my means. Trump “won” that election under questionable circumstances with a little help from various friends in Russian Intelligence and the FBI. We, as a nation, are in deep trouble but there is some light in the gloom with the emergence of a strong progressive leftist movement (Thank you Bernie} among the younger generations and with the availability of 24/7 news on the web, they will get their message out. After a month or two with Trumpism, it will become a voice too loud to ignore. The really sad thing is that those who will most be hurt by the Trumpists are those most vulnerable to what he has in mind. Hang in there brother, and may you see this through without some catastrophic event.
Buford2k11 January 21st, 2017 at 12:29
thank you for your words of wisdom….
granpa.usthai January 22nd, 2017 at 16:29
if the government of trump decides to build a huge navy (approx. 1/100th of the planned Chinese naval flotilla) with coal fired engines, they just might.
also in NC – oopsie, forgot, the smart people of NC canned their LYING THIEVING ‘christian’ Governor.
anyway, in the states with republican governors, their is always the hope of a revived coal powered industry.
grandpatimbo January 22nd, 2017 at 19:11
There have been no coal powered ships built in nearly 100 years. Everything is diesel electric, nuclear or gas turbine powered. Solar is even being developed for ships and other water craft. Coal, like buggy whips, is outdated, more expensive, more polluting, more labor intensive, more costly to produce and to maintain facilities and infrastructure to support it.. The only hope for it is if a reliable, economic infrastructure is developed to use powdered coal for diesel and other products that can be refined. Costs and inefficiency are what killed the coal industry and chances of it ever coming back are damned slim and none.
Gina Bousquet January 22nd, 2017 at 06:25
Dear Bufford hang in there! You won’t loose the SSDI. We’re rooting for you!
grandpatimbo January 21st, 2017 at 12:14
Have you always been such an ass or is that an acquired trait?
Lyndia January 21st, 2017 at 19:10
What in the f you talking about? Original, has a valid point.
nola878 January 20th, 2017 at 21:31
Gotta squeeze that money for tax breaks for larger yachts from somewhere!
granpa.usthai January 22nd, 2017 at 16:22
you talking about the yachts that are tax free via ‘write offs’ because they keep highly skilled yacht builders who do pay the taxes in a job, right?
just wanted to make sure the ‘freeloaders’ at government motors understand – so there’s no misunderstanding of the ‘pecking order’.
labman57 January 20th, 2017 at 22:24
So when Donnie spoke of working to empower ALL AMERICANS in his inaugural speech, apparently he wasn’t including middle class families in his chest-thumping vow.
granpa.usthai January 20th, 2017 at 23:44
Republicans in general usually don’t consider anyone as being American if their gross wealth doesn’t exceed $5 million.
gotta listen carefully to hear ’em, but for those above the “American” threshold, they do make sense.
arc99 January 20th, 2017 at 23:51
I was motivated to post a comment over at thehill.com in response to the Trump-worshiping fools who have coalesced around a talking point of if the person cannot afford 20% down, they should not purchase a home.
They are too ignorant to realize that the rate decrease that President Obama ordered applies to both initial purchase or refinance when an FHA loan is involved. Regardless of equity in your home, PMI is required on an FHA refinance even when the property value is less than 80% of the loan.
My property appraised at $199K. My loan is for $130K to refinance for 15 years, closing in a couple of weeks. I am required pay PMI on my new FHA loan. Dear Leader Trump has signed an order which will cost the average homeowner with an FHA loan, a couple hundred bucks a year and his idiot hypocrite worshipers are telling us what a wonderful idea that is.
They are in fact deplorable. Stupid too.
dogsRgoodpeople January 21st, 2017 at 02:51
Kiss net neutrality goodbye as well.
The willfully ignorant Trump supporters have no have no idea what they have done.This man is for huge business alone.
Larry Schmitt January 21st, 2017 at 07:27
I have a serious question. Who is supposed to be helped by this?
Sy Colepath January 21st, 2017 at 08:36
The banksters, perhaps?
mea_mark January 21st, 2017 at 09:05
tRump is. The less people that there are that can afford to buy housing the more renters there are. The more renters there are the higher the rental rates. tRump profits at our expense. This is ‘conflict of interest’.
Gina Bousquet January 21st, 2017 at 09:34
Certainly not the American people…
Gina Bousquet January 21st, 2017 at 09:40
You do have a way with words Larry. A comment so brief and to the point it doesn’t need answers. :)
Jimmy Fleck January 22nd, 2017 at 17:14
What no one is saying is whether or not the premiums paid cover the costs for the federal government to provide the mortgage insurance. Obviously there is some default rate that the insurance premiums have to cover. If the federal government is providing the insurance payouts that means indirectly every taxpayer would be subsidizing the costs of the program if the premiums do not cover the costs. So just show us the data on the program. How much in premiums have people paid in and how much has the program cost the government. Based on that it will be very clear on whether or not the premiums should have been lowered.
Jungle_Bhoy January 21st, 2017 at 07:40
So Mrs Putin’s first act is to raise taxes. Tell me if that is not the case.
Suzanne McFly January 21st, 2017 at 10:44
What problem was he trying to address by signing that? It is obvious, he is out for the people with money, the rest of us are f@cked.
Larry Schmitt January 21st, 2017 at 11:10
That was pretty clear from the beginning of his campaign, and I guess he just wanted to remove any doubt anyone might have who hasn’t been listening.
Suzanne McFly January 21st, 2017 at 17:36
Well the ones who voted for him were obviously not listening and they still aren’t. It will be up to us to hold him accountable.
William January 21st, 2017 at 11:29
So lets review. The clown who brags about paying no taxes and now dwells in government housing under the protection of a taxpayer funded secret service wants poor people to pay more. https://uploads.disquscdn.com/images/7153fadd14baaf3221099eda5ad0bd5015fbbaa017c8592917bd7fbdb6434b25.jpg
Larry Schmitt January 21st, 2017 at 11:49
The very same middle class that he claims to be the champion of.
EDDIE January 21st, 2017 at 12:06
No, he’s going to create a climate where jobs can be had. No more Welfare. Welfare is slavery.
Stan Ubeki January 21st, 2017 at 12:22
A climate where we all work for less than minimum wage for the Andy Puzders of the world. Tell me about slavery idiot. Bet you don’t even know who Puzder is.
Larry Schmitt January 21st, 2017 at 12:26
He also said he was going to bring coal back. He never did explain how he would do that, just like he never provided specifics for any of his big promises. And “no more welfare” will directly affect many of the uninformed red-staters who voted for him.
William January 21st, 2017 at 13:09
He can’t bring coal back, it’s a dead industry..BUT, he is taking away the miners health care.
granpa.usthai January 22nd, 2017 at 16:15
he PROMISED to bring back all US Military personnel so the taxpayers wouldn’t have to foot the bill for their deployment – which I wholeheartedly agree with. If there has ever been a time in human history when a nation’s military was need at home so they could protect their own families from deranged illegally armed white racist radical whacko deplorables, it’s the here and now.
William January 21st, 2017 at 13:07
Trump pays no taxes and now lives in government housing. He’s actually the worst welfare queen in history….but!, as long as you’re going to spew stupid. https://uploads.disquscdn.com/images/76ec77c09f81b27df585ffcfc74f0b6532ce1be4cb3349c203f39756414bfe92.jpg
granpa.usthai January 22nd, 2017 at 16:11
I would venture to say not too many people have ever gotten a $1,000,000,000.oo check from the US Government for being a total loser in businesses?
arc99 January 23rd, 2017 at 00:04
I like the meme, but to be fair, Kaiser Permanente is a non-profit organization, unlike WalMart, CitiGroup and British Petroleum. No one is getting rich off Kaiser stock. There is no such thing…
William January 23rd, 2017 at 07:37
So noted and thanks. I’m guessing that the maker of this meme was referring to the scandal and resignation of Kaiser board member Christine Cassel. At the time the meme was made, that now largely forgotten incident personified the outrage over rich people walking away with the hard earned money of the middle class and poor.
William January 21st, 2017 at 13:26
Bankrupting casinos does not create a jobs climate. Making your products in Mexico and China does not create a jobs climate. Running your businesses into the ground, locking the doors and casting your employees on to the system does not create a job climate. Refusing to pay your vendors does not create a jobs climate. Failing at 12 business ventures does not create a jobs climate. You’ve been duped. https://uploads.disquscdn.com/images/84b91aba441dd0e8ed5f40d901e2149a55f1088908b02c188f0df5a8bd9df68c.jpg
granpa.usthai January 22nd, 2017 at 16:08
they did the same thing in Reagan’s rolling Depression, and, true enough, a FEW jobs could be had.
eliminating ‘welfare’ won’t be so easy. When you lose 100,000 high paying jobs of highly skilled union labor and replace it with a FEW jobs to be had, it stifles the economic growth of a nation, which in turn has a direct effect on monies available for government. – then again, so does the amount of ‘controllable’ people.
Big Rick Crude January 21st, 2017 at 15:31
You liberal bums should’ve stayed within your means! Make fun of my double-wide all you want…at least I can afford the payments. And I still have enough left over for a 30 pack of Milwaukee’s Best. W0000!
eyelashviper January 21st, 2017 at 15:35
Go chew your cud.
William January 21st, 2017 at 16:35
Suddenly so much is very clear. The goober lobby has spoken. https://uploads.disquscdn.com/images/50dd5e9c7c1195ba808838f962f03469d7d8f3fc4ed96305804c5b68174839fd.png
granpa.usthai January 22nd, 2017 at 15:57
probably not if they were having a URINATION PARTY.
(that’s a favorite of the urine colored SPOTUS according to very reliable sources that are friends with Bond James Bond).
arc99 January 21st, 2017 at 18:27
I am a liberal. I can afford my mortgage payments even with the failure to reduce PMI premiums thanks to your Dear Leader Trump screwing the middle class. So take your right wing ignorance and shove it up your a$$
a leftist homeowner who would refuse a new job offer paying $40 per hour because it would be a pay cut.
Big Rick Crude January 21st, 2017 at 20:11
$40/hr would be a pay cut? You must do your panhandling in Hollywood.
arc99 January 21st, 2017 at 23:49
No need for me to panhandle. My unionized inner city public school teachers gave me an excellent education.
As is so often the case, your right wing talking points and reality are two very different things.
as for beer, I prefer Anchor Steam, brewed right here in northern California. Makes anything coming out of Milwaukee taste like tap water by comparison.
Go ahead and try some. Oh that’s right, you are a Trump voter, probably cannot afford it.
bpollen January 21st, 2017 at 22:34
There are a LOT of liberals who can afford ACTUAL houses. Don’t his compadres whine and snivel about “librul Hollywood Elites?”
I just think it’s hysterical that he’s crowing about how he can afford the payments on one of the CHEAPEST home choices, unlike those darn libruls. And still having enough left over to buy the CHEAPEST beer choice (okay, maybe those that just say “BEER” might be cheaper…)
Hirightnow January 21st, 2017 at 19:54
bpollen January 21st, 2017 at 22:27
Hope you live in tornado alley… you’ll see how fast that double-wide can travel.
StoneyCurtisll January 22nd, 2017 at 00:15
Suckin cucks pays that well?…
You must me a pro..
Zero Dark Thirsty ✓ᵛᵉʳᶦᶠᶦᵉᵈ January 22nd, 2017 at 01:20
30 pack? it comes in 30 packs?
granpa.usthai January 22nd, 2017 at 15:53
you should see the lifestyle you idiots have given to pure waste like gingrich -wooo wooo on that while you’re sucking on your brews – and it’s just now starting…
soon enough your neighbors will be coming over with their guns wanting you to share what you got.
eyelashviper January 21st, 2017 at 15:35
Anybody listen to the psychotic babble from tRump at the CIA?
He needs to be Baker acted for his safety and that of the p;lanet.
Zero Dark Thirsty ✓ᵛᵉʳᶦᶠᶦᵉᵈ January 22nd, 2017 at 01:17
I wish I knew what that says :(
Anyway, San Antonio Spurs head coach trashed him during a news conference, for standing in front of that wall that honors 117 CIA members killed in the line of duty, and standing there bragging about himself and boasting about his crowds and how the media lies..
Dcbos January 21st, 2017 at 17:27
Time for the New HUNGER games To start; creating competition between normal people while the OWNERS of AMERICA lie lie and Lie some more; giving the illusion of doing things FOR us instead of TO us.
amersham1046 January 21st, 2017 at 19:18
Power back to the bankers
Zero Dark Thirsty ✓ᵛᵉʳᶦᶠᶦᵉᵈ January 22nd, 2017 at 01:16
if you click and read that thread, in that tweet, they are a hoot to browse through.. what idiots his voters are..
Hirightnow January 22nd, 2017 at 12:52
jwong318 January 22nd, 2017 at 17:21
Agreed. Their votes are the most idiots people on earth. they will feel the pain soon. What a douchbag to listen to a ConMan
granpa.usthai January 22nd, 2017 at 15:49
the first act should have been to raise the basic pay of each military recruit to $156,432.67 a week, otherwise, when they find out how the trump krew is sticking it to them and their families while members like gingrich are depositing billions of dollars in offshore bank accounts with them the sole owners, they ain’t gonna be very happy.
unhappy soldiers don’t do very well when they are ordered to be the aggressors against innocent people – just to make trumps krew members richer.