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To: Miami Rebel

Trump should work with Congress to pass a law allowing Mortgages to be transferrable.


4 posted on 01/23/2025 9:30:52 AM PST by PMAS (Vote with your wallets, there are 80 million of us - No China made, No Amazon)
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To: PMAS

many mortgages are assumable, people just do not realize it.

loans backed by the Federal Housing Administration, U.S. Department of Agriculture and U.S. Department of Veterans Affairs — can qualify as assumable mortgages.


10 posted on 01/23/2025 9:39:05 AM PST by algore
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To: PMAS

That would solve a lot of the problem.

Interest rates on new mortgages would rise;
and who knows, maybe they would become geographically dependent.


41 posted on 01/23/2025 11:02:23 AM PST by grey_whiskers (The opinions are solely those of the author and are subject to change without notice.)
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To: PMAS

Mortgages are governed by states, not the feds except for fairness, truth in lending, fair housing and FHA and VA mortgages.

Any federal action would apply only to new originations: the terms of existing loans are subject to the whims of policy makers.


55 posted on 01/23/2025 12:39:57 PM PST by Miami Rebel (pro-)
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