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packman

(16,296 posts)
Mon Jan 23, 2017, 01:35 PM Jan 2017

It puzzles me a bit - Trump's first signing as president

"In the first hour of Trump's presidency, the U.S. Department of Housing and Urban Development sent a letter to lenders, real estate brokers and closing agents suspending the 0.25 percentage point premium rate cut for Federal Housing Administration-backed loans. The new rates, announced on Jan. 9, would have gone into effect on Friday."

Why this? With a multitude of issues, a wide choice of statement signings to be able to be made - why this?

A payback, a promise made to bankers?

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Hoyt

(54,770 posts)
3. I think it started when one of the hearing committee members for Ben Carson asked about
Mon Jan 23, 2017, 01:42 PM
Jan 2017

the cut and Carson said he would check into it (since he didn't know about it).

Apparently the cut was proposed a few days/weeks ago and Trump didn't like anyone making up new rules that close to his taking office. While I despise Trump, I can kind of understand wanting to take a look at such things since his admin is now responsible if he screws up the economy and millions of homes are at risk. I'm sure he has other less worthy reasons, though.

manicraven

(901 posts)
5. I was wondering the exact same thing. Of all the issues, what was the big hurry?
Mon Jan 23, 2017, 01:44 PM
Jan 2017

Besides, I thought on day 1 tRump would be busy deporting millions of "illegals," but instead he races to sign this...

frazzled

(18,402 posts)
6. Together with announcing plans to destroy Medicaid
Mon Jan 23, 2017, 02:08 PM
Jan 2017

by turning it into block grants to states, it seems the aim here is to do anything within his power to pull the rug out from under lower-income and minority families ... and turn that American carnage he sees in our cities into total burn down.

By making mortgages less affordable and medical care less available to low-income families, he seems to be off to a good start in making America great again.

I knew that low income citizens would be the first to be attacked. He lost no time.

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