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Graph Does NOT Prove #Immigrants Overpaying For #Houses With #FHA Loans Inflated #US. #Housing Prices
Does a graph showing "loan locks" for non-permanent residents applying for FHA mortgages prove that immigrants overpaying for homes has inflated U.S. housing prices? No, that's not true: Non-permanent residents who applied for FHA loans were "not a major factor...
I suppose this could change at any moment, but I was unaware that if you file a chapter 7 bankruptcy you can qualify for an FHA mortgage two years after discharge. You don’t have to wait for the bankruptcy to fall off your credit report 10 years later.
Just in case anyone needs this information, there is no shame in bankruptcy, and unless the bankruptcy prohibits you from doing something just because it’s on your credit report, in most cases your credit score will be better 3-6 months after discharge than it was before.
Mortgage applications dropped last week as rates shot up
Tariff turbulence is beginning to show up in housing data.
#us #homebuyers #usa #mortgage #rates #mortgages #housing #homes #trump #tariffs #american #family #tax #spending #business #taxes #tariff #trade #mba #bankers #loans #lenders #originators #fha #heloc #families #shelter #americandream #refinancing #refinance #GSEs #treasury #yields #bonds #treasurybonds #interest #finance #financing #economy #economics #uspol #politics #usgov #gov #government
"The Federal Home Loan Bank has become a de facto piggy bank for private equity and insurance companies."
"There is no oversight over how these loans are used."
"It’s as if a corporate giant shows up to a food bank and takes all the supplies."
Just in case you need to understand why they want to gut #HUD and sell off the pieces, except #FHEO. They have buried that part after a big fire.
https://www.levernews.com/the-looting-of-americas-affordable-housing-fund/
"Turner supported a bill ensuring landlords could refuse apartments to applicants because they received federal housing assistance. He opposed a bill to expand affordable rental housing. He voted against funding public-private partnerships to support the homeless and against two bills that called merely to study homelessness among young people and veterans."
https://www.propublica.org/article/scott-turner-hud-nominee-trump-public-housing-texas
As HUD secretary, Scott Turner would oversee billions in housing aid, but as a Texas state legislator he voted against protections for poor tenants and has called government assistance “one of the most destructive things for the family.”
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