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Offline rangerrebew

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HOUSING SCANDAL: Biden Regime Making Mortgage Payments for a MILLION Homeowners in Default Fueling H
« on: March 09, 2025, 01:39:47 pm »
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/
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Offline rangerrebew

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Re: HOUSING SCANDAL: Biden Regime Making Mortgage Payments for a MILLION Homeowners in Default Fueli
« Reply #1 on: March 09, 2025, 01:43:02 pm »
First of all, I don't think there are even a million people, let alone homeowners, in Detroit anymore.  If this about Wayne County, I suppose it is possible but still not likely, especially home buyers in default :shrug:.
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The unity of government which constitutes you one people is also now dear to you. It is justly so, for it is a main pillar in the edifice of your real independence, the support of your tranquility at home, your peace abroad; of your safety; of your prosperity; of that very liberty which you so highly prize. But as it is easy to foresee that, from different causes and from different quarters, much pains will be taken, many artifices employed to weaken in your minds the conviction of this truth.  George Washington - Farewell Address

Offline libertybele

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Re: HOUSING SCANDAL: Biden Regime Making Mortgage Payments for a MILLION Homeowners in Default Fueli
« Reply #2 on: March 09, 2025, 02:04:02 pm »
Quote from: rangerrebew on March 09, 2025, 01:43:02 pm
First of all, I don't think there are even a million people, let alone homeowners, in Detroit anymore.  If this about Wayne County, I suppose it is possible but still not likely, especially home buyers in default :shrug:.

This started out with Obama easing regulations .... then Joe took over and started handing out the freebies.
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