Trump’s AltFacts and AltPriorities

I was hoping. I really was. But no.

Middle class screwed in the first hour of Trump Presidency, hit with higher mortgage insurance payments. …What’s next?

How Donald Trump Just Raised Many Mortgage Bills

…Trump, who claimed a populist mantle in his first speech as a president, signed the executive order reversing an Obama-era policy less than an hour after leaving the inaugural stage.

The order will have the immediate effect of increasing the amount that most non-wealthy homeowners must contribute to the Federal Housing Authority’s insurance program. Beginning Jan. 27, most borrowers will now have to pony up six-tenths of a percent of their mortgage each month, up a quarter of a percentage point from last year. Americans with $200,000 mortgages will pay roughly $500 more in 2017 than they did in 2016, according to the FHA.

…Trump’s decision …will have very little affect on wealthier mortgage holders …

Trump Reverses Obama's Mortgage Fee Cuts on First Day

…Shares of private mortgage insurance companies, including MGIC Investment Corp. and Radian Group Inc., erased earlier losses, trading up about one percent as of mid-afternoon. They closed little changed from the day before. Private insurers, which back loans guaranteed by mortgage-finance companies Fannie Mae and Freddie Mac, compete with the FHA for market share and have been critics of fee cuts in the past.

…“This action is completely out of alignment with President Trump’s words about having the government work for the people,” said John Taylor, president of the National Community Reinvestment Coalition, through a spokesman. “Exactly how does raising the cost of buying a home help average people?”

Crowd size is THE big national priority, not just penis size. …Related?

Trump Spokesman Accuses Media of False Inaugural Reporting

* Spicer insists that inauguration crowds larger than reported
* Photographs show far fewer people on Mall than Spicer claimed

Photos: the crowd at Donald Trump’s inauguration vs. Barack Obama’s

Anyone have any more AltFacts, AltPriorities?

Also on ATS:

Alternative facts

already a thread about this:www.abovetopsecret.com...
I`ll post the same here that I posted in that thread.

the average increase for customers will amount to $1.37 a day, the savings to those same customers,when obamacare is repealed will amount to vastly more than $1.37 a day

Man I haven't seen so democrats so upset since the Republicans made them free their slaves!

a reply to: Mark08

I liked Trump's anti-globalization rap, and I was hoping for more. A lot more.

Looks like SSDD.

a reply to: Tardacus

Yes private insurance is much much more expensive that group insurance.

Business owner here. My HR supervisor was also very good with numbers. She got my people a big big discount. Too bad they won't have that if the man who bought the business from me decides he doesn't even want to offer insurance. Something I did before the gov't said I had to. BTW...

a reply to: Mark08

You witnessed that?
Wow hats off to you Sir. You're way old.
Sit ...can I get you a cuppa or a blanket?

a reply to: Sillyolme

Well no I wasn't there. But even today you can still see remnants of people enslaved by the Democratic party. When their free stuff is threatened we see what we see in the streets today.

a reply to: soficrow

we just bailed that out in 2013 for 1.7 Billion dollars.

So it wasn't making enough money..

Prior to January 2008 : 0.50% annual MIP
October 2008 : 0.55% annual MIP
April 2010 : 0.55% annual MIP
October 2010 : 0.90% annual MIP
April 2011 : 1.15% annual MIP
April 2012 : 1.25% annual MIP
April 2013 : 1.35% annual MIP
January 2015 : 0.85% annual MIP

the cut changed your Loan cost of $500 a year for a $200,000 loan.

so if you have an FHA loan...

your monthly cost is now $42.00 Higher.

It's just putting the number back where it should be so that we don't have to bail it out for billions of dollars again.

This puts it back at 1.15% which is the same it was in 2011, and lower than it was in 2012 (1.25%)and 2013. (1.35%)

a reply to: Mark08

Even today the party fights tooth and nail to keep it's slaves

Its nominal. $500 more a year isnt too big a hit. Not like the penalty within the ACA for not carrying insurance. And if it does hurt, maybe some responsibility should fall on the homeowner...maybe that "owner" doesnt need such an "expensive" (relative) home.

Lets not wash away the accountibility homeowners had during the housing bubble. Some people just arent ready to carry a mortgage.

So again, if $45 a month extra is breaking a homeowner, they might want to rethink some things.

a reply to: Tardacus

I'm pretty sure shifting the money from one thing to another wasn't the idea. Plus at least the money going to healthcare meant getting something for your money. All this is doing is making you pay more for something you already have while losing your healthcare which you must now also pay for so you're losing money.

a reply to: Mark08

In fact, under 8 years of Obama that enslavement nearly doubled with new welfare recipients. Or was that in fact Fake News?

a reply to: Sillyolme

obamacare is great for people who get subsidies but people who get the subsidies don`t make enough money to buy a house so this $1.37 a day raise in mortgage insurance won`t affect them at all.

For people who can afford to buy a house and don`t get the subsidies obamcare has drastically raised their insurance premiums and deductables.

a reply to: mOjOm

obamacare is great for people who get subsidies but people who get the subsidies don`t make enough money to buy a house so this $1.37 a day raise in mortgage insurance won`t affect them at all.

For people who can afford to buy a house and don`t get the subsidies obamcare has drastically raised their insurance premiums and deductables.

a $1.37 a day increase in mortgage insurance in exchange for thousands of dollars a year decrease in health insurance is a great deal.

Where does the EO say there's a new rate increase ?

Confusing.

a reply to: soficrow

YOUR TELLING ME.... Trump is asking home loaners to put in less than $50/mnth per $200k to help make sure there isn't another trillion dollar bailout needed to cover unpaid mortgages taken by people that couldn't afford them?!?!??

Oh the horror!!! Impeach him!! Impeach him right now!!!

originally posted by: mOjOm
a reply to: Tardacus

I'm pretty sure shifting the money from one thing to another wasn't the idea. Plus at least the money going to healthcare meant getting something for your money. All this is doing is making you pay more for something you already have while losing your healthcare which you must now also pay for so you're losing money.

If you have a mortgage, you don't have snip. People took a risk trusting you to pay them a lot of money over a long period of time. Asking loaners to pay a little into security seems like a fair request. Don't like it? Save your money and stop sticking your hand out for loans.

a reply to: soficrow

OH and by the way this is only if you Close on a new loan after this goes into effect..

You already signed an FHA loan?

nothing changes.

right or no?

Here is the actual letter:

This is a PDF

originally posted by: MALBOSIA
a reply to: soficrow

YOUR TELLING ME.... Trump is asking home loaners to put in less than $50/mnth per $200k to help make sure there isn't another trillion dollar bailout needed to cover unpaid mortgages taken by people that couldn't afford them?!?!??

Oh the horror!!! Impeach him!! Impeach him right now!!!

The same audience applauds Obama for the economic recovery after the housing bubble burst. You can't have it both ways.