SUMMARY -
The Biden admin has been making mortgage payments for one million strapped FHA borrowers. He goes over what cities have this the worst. His video report is based on a recent WSJ article that exposed. As far as I can tell the Trump admin has not stopped thus
Housing justice.
How many of these foreclosures belong to laid off federal government employees?
report to DOGE
Which cities? I’m looking to get the heck out of California.
This pays for the Biden Regime’s printing press at the treasury, if true.
Pop the bubble and inflation stops - all on the back of the American home owner.
“Regulations” that block accounting aren’t regulations, they are fraud, cooked books. Don’t try this at home.
I will bet dollars to donut holes most of these delinquent loans are to illegals
CFPB
Consumer Financial Protection Bureau
That’s why they are fighting tooth and nail to keep this away from Musk.
They are the bureau that mandates no collateral loans to non citizens and many other ridiculous racist transfer of wealth things.
They also stop loans from going to foreclosure.
CFPB up to their neck in this.
Pocahantas favorite as well.
I'm not sure that would be a bad thing. Housing prices are over inflated and young people have little chance of owning anytime soon.
People who do not pay their mortgages should not be bailed out by Joe taxpayer.
Government should not be in housing.
Humm. The nasty bastards of the Biden administration deliberately did this so that the Trump Administration would stop making payments and force the collapse to happen in Trumps administration rather than Bidens.
You could be unemployed. As long as you had the necessary cash between sales price and loan balance, you could buy the property.