Trump proposes 50-Year Mortgage

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nycfan said:

Donald Trump Proposing 50-Year Mortgages Sparks Backlash​


www.newsweek.com

Donald Trump proposing 50-year mortgages sparks MAGA backlash

Federal Housing Finance Agency Director Bill Pulte said on Saturday that the Trump administration is working on a plan to introduce the longer-term mortgages.
www.newsweek.com www.newsweek.com



thehill.com

Housing director confirms administration ‘working on’ 50-year mortgage after Trump hint

Federal Housing Finance Agency (FHFA) Director Bill Pulte on Saturday said the Trump administration is “working on” a plan to introduce 50-year mortgage terms for home buyers. “Thanks to President…
thehill.com

www.washingtonexaminer.com

Trump administration 'working on' 50-year mortgage to boost affordability

Trump teased the loan term in a Truth Social graphic picturing him alongside Roosevelt, whose New Deal legislation offered housing relief during the Great Depression.
www.washingtonexaminer.com www.washingtonexaminer.com
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Normal trump, pull something out of his ass without any actual thought or research on the topic and tell the cult everything is solved.
 
nycfan said:


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I am very confused by the new MTG — seems like evidence of actual body snatching or cloning or something very Sc Fi going on.
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I don't believe her capital gains idea would help first time home buyers get into homes.
 
nycfan said:
Related:



The current 620 minimum representative or average median credit score will be removed for new loan casefiles created on or after Nov. 16, 2025

www.mpamag.com

Fannie Mae scraps minimum credit score for DU loans

Pulte touts move as 'big deal for consumers' but 'small or nothing deal for underwriting'
www.mpamag.com www.mpamag.com

“… The change, detailed in the latest DU Version 12.0 release notes and Selling Guide update, represents a major shift in mortgage eligibility and could help more borrowers with lower credit scores but solid finances qualify for loans.

… Instead of relying on a hard credit score cutoff, DU will now evaluate a broader set of credit risk factors, including a borrower’s credit history, income, debt levels, property characteristics, and loan purpose.

… Fannie Mae clarified that lenders must still request credit scores for all borrowers, as required for loan sales, and certain loan types or private mortgage insurers may continue to impose their own minimums.

The update also expands Fannie Mae’s Day 1 Certainty program, offering lenders relief from enforcement of representations and warranties for certain undisclosed non-mortgage liabilities.

Additionally, documentation and homebuyer education requirements for borrowers without traditional credit will now be triggered only when no borrower has at least one credit or installment account reported.…”
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The irony here is that Republicans dismissed the effects of hyper leverage through synthetic derivatives on the GFC, preferring instead to blame agencies pushing affordable mortgages to unqualified borrowers as the sole reason behind the economic crash. Now Trump says to lower standards and it’s genius. So pathetic.
 
ZZLPHeels said:
It might help soften the real estate market by making it more palatable for people to sell their homes and buy new/different ones. More supply = lower prices for everyone, including first time home buyers.
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Currently we don't pay capital gains on the first X dollars, correct?

I think the best things to help would be, don't run off labor for being brown, don't cause building materials to increase in price with tariffs, actually work to lower inflation, and help increase wages. Maybe tax to rich and close the wage and wealth gaps also.

But I'm far from an economist, so I'm open to NEW ideas.
 
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ZZLPHeels said:
It might help soften the real estate market by making it more palatable for people to sell their homes and buy new/different ones. More supply = lower prices for everyone, including first time home buyers.
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People selling one house to buy a different one doesn’t really help supply. We need new construction that isn’t in the upper quartile of the market. The new homes being built near my neighborhood are mostly 4-5br, 4ba homes of more than 3,500sf with premium appliances and finishes. Definitely not something that many first time buyers can access.
 
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