US EditionTrump Defends 50-Year Mortgage Plan, Calling it ‘Not a Big Deal’
- On Nov 10, President Donald Trump defended proposing a 50-year mortgage to ease high home prices, saying `All it means is you pay less per month` and dismissed critics, saying he `does not think a 50-year mortgage is a 'big deal'`.
- Federal Housing Finance Agency Director Bill Pulte pitched the 50-year mortgage to Trump at his Palm Beach golf club using a posterboard, and the FHFA said it was `working on` the proposal while Pulte called it `a complete game-changer`.
- Experts add that a 50-year mortgage largely `kicks the affordability crisis down the road` and could leave first-time homebuyers in long-term debt, with Charles Urquhart warning it greatly raises total interest and slows equity building.
- White House advisers widely panned the proposal as bad politics and policy, officials told Politico Trump was `deceived` into endorsing it, while MAGA influencers sharply criticized the plan.
- Legally, the Dodd-Frank Act means 50-year mortgages need congressional approval, which could take up to a year, while lenders and mortgage market rules require changes though Fannie Mae and Freddie Mac could prep a secondary market.
62 Articles
62 Articles
'The Daily Show' brutally roasts Trump's plans for a 50-year mortgage
In a Truth Social post and an interview with Fox News, Donald Trump has introduced the idea of a 50-year mortgage in the U.S, suggesting it might make home ownership more affordable for Americans. But Daily Show host Josh Johnson isn't convinced.In the clip above from Tuesday's show, the host pulls up a graphic calculating that a six percent mortgage on a $400,000 home would mean roughly $300 a month less in repayments versus a 30-year mortgage,…
Trump Dismisses 50-Year Mortgage Concerns: ‘It’s Not Even a Big Deal’
President Donald Trump on Monday played down criticism over his plan to introduce 50-year mortgages, telling Fox News host Laura Ingraham, “it’s not even a big deal.” During an appearance on Fox’s “Ingraham Angle,” Trump fielded questions from Ingraham about a host of issues, including the economy and backlash against a plan to introduce 50-year mortgages. Trump said, “It was not even a big deal,” when Ingraham asked the president if 50-year mor…
The U.S. president issued the idea, before going back, to extend the maximum borrowing term to 50 years, against 30 now. A solution that would cause a surge of interest paid by the most precarious individuals. This idea, Donald Trump got from a close friend who...
Washington Examiner
Trump downplays concerns over proposed 50-year mortgages
President Donald Trump brushed off conservative backlash to his administration’s exploration of 50-year home loans, arguing the plan could slightly ease monthly payments amid soaring housing costs, even as critics warn it would trap buyers in decades of debt. During a Monday night appearance on Fox News’s The Ingraham Angle, host Laura Ingraham pressed Trump about the controversial proposal coming from his housing team, noting that the idea of “…
Trump defends Chinese student visas and 50-year mortgage plan, blames Democrats for shutdown in FOX interview
In a wide-ranging Nov. 10 appearance on FOX News’ “The Ingraham Angle,” President Donald Trump weighed in on voter concerns about the economy, housing costs, and… The post Trump defends Chinese student visas and 50-year mortgage plan, blames Democrats for shutdown in FOX interview appeared first on CatholicVote org.
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