here we go: Trump’s first housing move tanks mortgage applications 3.2%

[Soggy in NOLA]

Fucking Obama.

 

[Compost]

Thank you for the quote from the article. Never mind that you could have, like a sane adult would, offered that when I originally remarked about it. Anywhoooooo, don't let me keep you. Carry on with your celebration that Trump is ruining everything after a mere week and a half on the job. Bye bye now, snowflake.

It's not my fault you didn't perform due diligence, shit for brains, and read the fucking article in the OP first to be informed before placing your fingers on the damn keyboard, you bloody fool!

And there is not anything to celebrate regarding Trump in any wise given his multiple fuck ups his first two weeks in office. Only a fool would consider that appropriate or justified you fucking imbecile!!!!

Now there's some quality word smithing! LOL

 

[thereisnospoon]

Here it is
Freddie Mac Tried to Kill Republican Regulatory Bill in 2005



Published October 19, 2008
Associated Press

WASHINGTON – Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.


In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.

In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.

"If effective regulatory reform legislation ... is not enacted this year, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole," the senators wrote in a letter that proved prescient.

Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.

In the end, there was not enough Republican support for Hagel's bill to warrant bringing it up for a vote

Just a minute. So WHO confirmed this story? And where does the term "republican consulting firm" originate?
it is painfully obvious that this is nothing more than a left wing hit piece that has the sole purpose of protecting democrats.
Do not post editorialized articles

The article I gave you is from Fox News posting it, but just google Freddie Mac lobbies Republicans on Hagel bill....

You'll get a thousand articles on it....

yeah..No shit. At the end of the day, the democrats are the ones who defended the lending practices and were those threatening banks with over the top federal audits and DOJ Lawsuits for "red lining" if the banks refused to comply

 

[toomuchtime_]

Here it is
Freddie Mac Tried to Kill Republican Regulatory Bill in 2005



Published October 19, 2008
Associated Press

WASHINGTON – Freddie Mac secretly paid a Republican consulting firm $2 million to kill legislation that would have regulated and trimmed the mortgage finance giant and its sister company, Fannie Mae, three years before the government took control to prevent their collapse.


In the cross hairs of the campaign carried out by DCI of Washington were Republican senators and a regulatory overhaul bill sponsored by Sen. Chuck Hagel, R-Neb. DCI's chief executive is Doug Goodyear, whom John McCain's campaign later hired to manage the GOP convention in September.

Freddie Mac's payments to DCI began shortly after the Senate Banking, Housing and Urban Affairs Committee sent Hagel's bill to the then GOP-run Senate on July 28, 2005. All GOP members of the committee supported it; all Democrats opposed it.

In the midst of DCI's yearlong effort, Hagel and 25 other Republican senators pleaded unsuccessfully with Senate Majority Leader Bill Frist, R-Tenn., to allow a vote.

"If effective regulatory reform legislation ... is not enacted this year, American taxpayers will continue to be exposed to the enormous risk that Fannie Mae and Freddie Mac pose to the housing market, the overall financial system and the economy as a whole," the senators wrote in a letter that proved prescient.

Unknown to the senators, DCI was undermining support for the bill in a campaign targeting 17 Republican senators in 13 states, according to documents obtained by The Associated Press. The states and the senators targeted changed over time, but always stayed on the Republican side.

In the end, there was not enough Republican support for Hagel's bill to warrant bringing it up for a vote

If the Democrats hadn't opposed it, there would have been enough votes to pass it even without those few Republicans.

Yes, the democrats in MINORITY did oppose it....

but the Republicans did not need the Democrats to pass REFORMs or Hagel's bill, but the Republicans were bought off, behind Hagel's back, by the Republican lobbying firm, and THIS is why there was no reform done on Fannie and Freddie.

But the Democrats held the critical votes needed to pass the bill and chose to let it fail. How can you not condemn that action?

 

[Soggy in NOLA]

Thank you for the quote from the article. Never mind that you could have, like a sane adult would, offered that when I originally remarked about it. Anywhoooooo, don't let me keep you. Carry on with your celebration that Trump is ruining everything after a mere week and a half on the job. Bye bye now, snowflake.

It's not my fault you didn't perform due diligence, shit for brains, and read the fucking article in the OP first to be informed before placing your fingers on the damn keyboard, you bloody fool!

And there is not anything to celebrate regarding Trump in any wise given his multiple fuck ups his first two weeks in office. Only a fool would consider that appropriate or justified you fucking imbecile!!!!

Now there's some quality word smithing! LOL

He seems very angry... is that a prerequisite for being a lib?

 

[Slave2the$]

Obama waded into FHA and cut the mortgage insurance premium. Trump wants time to examine the FHA program which is a reasonable thing to do, especially given that the crash of 2008 was attributed directly to under-qualified buyers getting mortgages and then defaulting in large numbers.
Trump already suspends Obama-era FHA mortgage insurance cut

The last part is false. The market crashed because of the mortgage bundles falling in value, then home owners defaulting because they lost their jobs.

Stop the Alternate Right Alternate Factoids please.

Huh? Mortgage bundles fell in value because homeowners didn't make their payments. I think your timeline is fucked up