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Draft EO leaked: The administration is actually trying to drop your mortgage payments
Posted on 10/21/26 at 10:11 am
Posted on 10/21/26 at 10:11 am
quote:
Decreasing Housing Costs for the American People
?Key Points:
?Lowering Mortgage Rates: Directs the USDA and VA to reduce mortgage rates on single-family loans.
?Easier Refinancing: Reduces or eliminates Loan-Level Price Adjustments (LLPAs) for eligible refinances.
?Slashing Red Tape & Fees:
?Waives home appraisals, income re-verification, and extra documentation for rate-and-term refinances.
?Cuts friction and costs associated with cancelling mortgage insurance (requires servicers to proactively notify borrowers when cancellation is available).
?Title Insurance Overhaul: Authorizes FHFA Director Bill Pulte to expand the Title Insurance Waiver program nationwide (removing geographic limits, opening it to borrowers with <20\% equity, and certifying more providers).
?.
And despite everyone foreclosing and not one single home selling because of rates, according to a certain poster, home values rose in Oct and are on pace for about 2% according to ICE
I was told this admin wasnt doing anything to lower costs
Cause we know congress isnt doing anything
Posted on 10/21/26 at 10:14 am to SDVTiger
Can you provide link? Tks
Posted on 10/21/26 at 10:15 am to SDVTiger
All of the things that are up in cost are government managed or regulated. Other things are actually down. Anyone pissed about costs needs to go vote red across the board. Complaining will accomplish nothing. Less government involvement is what is needed, and not voting republican will just worsen things for you. Don't be stupid.
Posted on 10/21/26 at 10:19 am to LSU Patrick
quote:
Don't be stupid.
The secret to much of life isn't it....
Posted on 10/21/26 at 10:20 am to deathvalleytiger10
quote:
Can you provide link? Tks
https://www.scotsmanguide.com/news/trump-draft-order-takes-aim-at-mortgage-costs-ahead-of-midterms/?hl=en-US
Posted on 10/21/26 at 10:21 am to LSU Patrick
quote:
Anyone pissed about costs needs to go vote red across the board. Complaining will accomplish nothing
Posted on 10/21/26 at 10:24 am to SDVTiger
Leaked by a WH staffer?
Posted on 10/21/26 at 10:28 am to BWHLSU
“No, really. Trump is going to fix everything. Just vote Republican and after the election, everything will be great.”
Is anyone falling for their BS anymore?
Is anyone falling for their BS anymore?
Posted on 10/21/26 at 10:30 am to TBoy
quote:
Is anyone falling for their BS anymore?
You didn’t vote for Trump so your fake outrage is what it is
Posted on 10/21/26 at 10:31 am to LSU Patrick
quote:
All of the things that are up in cost are government managed or regulated. Other things are actually down. Anyone pissed about costs needs to go vote red across the board. Complaining will accomplish nothing. Less government involvement is what is needed, and not voting republican will just worsen things for you. Don't be stupid.
Only 53% of voting adults own their homes. Of the other 47%, a large proportion vote democrat or have their votes harvested. That block is voting for government managed programs and don’t care about mortgages. The way they see it is the government can either supply housing or implement rent control on the rich capitalist.
Posted on 10/21/26 at 10:33 am to SDVTiger
quote:
?Waives home appraisals, income re-verification, and extra documentation for rate-and-term refinances.
Posted on 10/21/26 at 10:34 am to DeBoar
quote:
You didn’t vote for Trump so your fake outrage is what it is
Fake? No, I still have to capacity to genuinely believe Trump is a conman and that you are under some kind of cult-like trance.
Posted on 10/21/26 at 10:37 am to Ten Bears
How is this a ninja loan?
My gosh you are stupid
My gosh you are stupid
Posted on 10/21/26 at 10:38 am to TBoy
I'm just asking about the leak, as just 5 or 6 days ago at the Arizona rally, DJT told the audience leakers ought to go to jail or be shot 
Posted on 10/21/26 at 10:40 am to TBoy
quote:
Fake? No, I still have to capacity to genuinely believe Trump is a conman and that you are under some kind of cult-like trance.
Ypu say this yet will proudly vote for Gav for Prez or AOC
Posted on 10/21/26 at 10:45 am to SDVTiger
did you read the article or just clip it? did you understand the article at all?
So USDA (RD) loans have over the last 5yrs tightened their guidelines. IE they have reduced the DTI requirement making it harder to qualify for 100% financing because that's the main purpose of an RD loan.
By waiving refinance lenders title insurance that does help with cost of refinancing also when the discuss waiving appraisal that's because Fannie/Freddie UW systems can pick up a value on the home and issue an appraisal waiver. But investor guidelines require appraisals. So waiving that will help with cost.
both of these changes will do nothing to help the housing market at all. Current RD and VA loans are at 7% last Feb they where 5.87% . So you want to help the housing market....stop bombing Iran
FYI i have been a mortgage loan officer for 21yrs...
So USDA (RD) loans have over the last 5yrs tightened their guidelines. IE they have reduced the DTI requirement making it harder to qualify for 100% financing because that's the main purpose of an RD loan.
By waiving refinance lenders title insurance that does help with cost of refinancing also when the discuss waiving appraisal that's because Fannie/Freddie UW systems can pick up a value on the home and issue an appraisal waiver. But investor guidelines require appraisals. So waiving that will help with cost.
both of these changes will do nothing to help the housing market at all. Current RD and VA loans are at 7% last Feb they where 5.87% . So you want to help the housing market....stop bombing Iran
FYI i have been a mortgage loan officer for 21yrs...
Posted on 10/21/26 at 10:45 am to SDVTiger
quote:
Waives home appraisals, income re-verification, and extra documentation
This usually works out well
Posted on 10/21/26 at 10:46 am to Green Chili Tiger
Where have we seen this before
Posted on 10/21/26 at 10:49 am to Green Chili Tiger
quote:
This usually works out well
The fact that SDVpussy thinks this is awesome might be the 2nd dumbest thing ever posted on this site.
Posted on 10/21/26 at 10:53 am to Ten Bears
You two morons dont even realize thats been an option for FHA and VA since the 80s
You go right to Ninja loans cause your iq is beyond low
You go right to Ninja loans cause your iq is beyond low
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