The new decree trump hit on mortgage lending
Photo: depositphotos.com
One of the first actions of the Trump administration was to suspend a recent bill that would make buying a home this year cheaper for 1 a million families, writes NBC New York.
9 January 2017, the United States Department of Housing and Urban Development (FHA) has released a new manual that reduced mortgage insurance fees. On limiting the size of the insurance premium FHA announced literally on the eve of the expiration of Obama's powers.
According to preliminary estimates by the Obama administration, on average a borrower could save $ 500 per year with a mortgage loan of $ 200 thousand. The law should have entered into force on January 27 2017.
But almost immediately after President Donald Trump took office, these directives were suspended. In fact, the link to the January 9 press release on the FHA website is now being redirected to the new version of January 20.
The reduction in insurance premiums was welcomed by the construction industry. According to the calculations of developers and realtors, the new measure could partially compensate for the general increase in interest rates, and therefore prevent a drop in sales in the housing market. Young Americans who are buying their first home are most interested in FHA insurance, writes Bankir.
Donald Trump's advisers immediately have 3 principled objections against the hasty wide gesture of the previous administration. First, they consider him politically motivated. Secondly, in their assessment, it threatens the stability of the monetary fund at the FHA. And finally, the most important thing - he was announced without prior consultation with the future administration.
The full program of the new administration Trump ForumDaily described earlier.
Read also on ForumDaily:
How to choose the area for the purchase of real estate
How to rent a house in America: step by step instructions
We live in the USA: how to rent a house
Personal experience. How to avoid mistakes when renting a home in the US
First steps when buying property in New York
Subscribe to ForumDaily on Google NewsDo you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.
-
Where in the USA to buy the medicines we are used to: a list of pharmacies5330
-
Six ways to cut your medical bill in the US436
-
Joy to Work: 37 Jobs with Lowest Stress and Good Pay419
-
What folk remedies treat the common cold in the USA: what surprises our354
-
Personal experience: why immigrants have more chances of success in the USA than Americans290
-
Burger Arthritis: How Fast Food Triggers Autoimmune Diseases233
-
XNUMX stunning US lavender farms that will take you to French Provence220
-
Actions in a terrorist attack: how to survive yourself and help others6333
-
Where in the USA to buy the medicines we are used to: a list of pharmacies5330
-
How to hit the jackpot: tips from a man who won the lottery 7 times4898
-
Life after death: what happens to places of mass executions in the USA3883
-
How to start a profitable business in the USA, if you have only $ 203281
-
4 US Social Security Traps and How to Avoid Them1493
-
Street, avenue, boulevard or drive: how to understand the classification of US streets and roads1461