HOUSING SCANDAL: Biden Regime Making Mortgage Payments for a MILLION Homeowners in Default Fueling Higher Housing Prices
By Pamela Geller - on March 8, 2025
Huge scandal. The Democrat-run federal government is/was using income tax/payroll tax revenues to pay for other people’s homes in default.
The problems began with the Obama administration…..
Biden’s Mortgage ‘Relief’ Fuels Higher Housing Prices
It has created another subprime housing bubble and put taxpayers at risk. Trump should end it.
By: Allysia Finley,Wall Street Journal, February 23, 2025:
Why do housing prices keep climbing despite higher interest rates? The federal government has allowed borrowers to take out bigger mortgages than they can afford. To prevent foreclosures, it’s bailing them out when they miss payments. Behold another subprime housing bubble.
Why do housing prices keep climbing despite higher interest rates? The federal government has allowed borrowers to take out bigger mortgages than they can afford. To prevent foreclosures, it’s bailing them out when they miss payments.
Behold another subprime housing bubble.
The problems began when the Obama administration eased underwriting standards by enabling more home buyers whose debt payments exceed 43% of income to qualify for government-backed loans. Such borrowers are risky because they might not be able to make payments if their income drops or expenses rise.
https://gellerreport.com/2025/03/housing-scandal-biden-regime-making-mortgage-payments-for-a-million-homeowners-in-default-fueling-higher-housing-prices.html/
