Trump Wants to Make Mortgages More Expensive for Minorities

  • 📰 VanityFair
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 55%

United States Headlines News

United States Latest News,United States Headlines

Trump's move to privatize Fannie Mae and Freddie Mac would simultaneously hurt people of color and help Wall Street

about Baltimore. “They’ve called me and said finally someone is telling the truth,” he said, adding that “people living in Baltimore are very happy that I’m bringing out the fact that it‘s like living in hell.” So it’s effectively a forgone conclusion that he will attempt to spin the news that his plan to overhaul the United States’ housing finance system will reportedly make mortgages more expensive for African Americans, and other minority borrowers.

While the administration says affordable housing goals would be replaced with a more “efficient, transparent, and accountable mechanism,” like a fee that would go to HUD to promote affordable housing, consumer and civil rights groups are suspicious.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I bet you if we open this article, the actual thing would be very very different than the headline!

😱😱😱

Why is it whenever there is some bullshit yellow journalism about, is behind it.

Can MSM stop acting like any of these ideas are Trump's? He golfs & watches TV. He thinks nuclear bombs can stop hurricanes. Trump is a hired suit. Who is really calling the shots? Mitch? Mulvaney? Putin? It's a GOP mob & Barr was sent in to clean up Trump's messes.

A right wing is always a right wing. Stop being shocked and surprised by this.

kali_kini Fannie Mae and Freddie Mac were directly responsible for the bubble burst and collapse of 2008. They put people of color into loans they couldn't afford. They used them and left them high and dry when it all came tumbling down. Get it right VF.

How could anybody think electing this clown was the right thing to do. Every American institution that has been put in place to serve middle class Americans have been destroyed by Trump. What does the rich need with Fannie and Freddie. But to be Fannie and Freddie and take more

And this is the objective, right?

DebraMessing Good

What it'll come down to is, Black people will become homeless, then they'll be enslaved in the prison system, making it easier to deport them back to Africa, making america great again. You know 'white' 😡

Please....just face it Why do you think Trump and gang are doing this To hurt people of color and help the rich

For once help somebody. This is not a good idea. More money for his family. The greed never stops.

LIES! Fake news!

DebraMessing Idiot

I hope the 3% of BW and 15% of BM who will vote for him are reading this.

Myish1 FAKE NEWS

Ksweetsoap RacistInChief

Not a humanitarian bone in his body...no acknowledgement or assistance to people of the Bahamas ..with a large middle class who come to Florida to spend money smfh

From what I've been reading over on Vox, he'll need to have some sort of congressional bi-partisan support.

DebraMessing Yes. Vanity fair is the new lider for economical guidance in the US. Uhmmm .... Yes ... that's the publication we have to follow....!

rolandsmartin America’s domestic policies; genocide, slavery, Jim Crow, Integration, drug trafficking, exporting factory jobs, mass incarceration & welfare reform! Only SOVEREIGNTY protects Blacks from America! ProjectSeparation Blackmen Blackwomen BlackTwitter 8States Reparations

But he’s not racist, uh huh.

DebraMessing Yep 👍🏿

rolandsmartin He is a modern-day pharaoh running scared because he think minorities is going to overtake the white population!! This man is a disgrace to the presidency!😡😡

rolandsmartin More racist reporting🤦🏾‍♂️

DebraMessing Vanity Fair was better when it just sold underwear

DebraMessing He can do whatever he wants now but We will reverse all his wrong doings after he is impeached and indicted.

Sounds like trump

Bettyjwo Never ends

That is probably the point

rolandsmartin

rolandsmartin *GASP*

The structure of all donald's policies is a lack of logic, fueled by a lack of kindness, while corrupted by privilege.

OF COURSE, THATS WHY HES DOING IT, DUH!

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 391. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Billionaire who wants to impeach Trump makes the October presidential debate stageTom Steyer, a California billionaire, has long flirted with running for office. Now, the presidential candidate will share a debate stage with his rivals. ugh Some billionaires are such dummies! A fool and his money are soon parted.
Source: latimes - 🏆 11. / 82 Read more »

NOAA's chief scientist wants probe into agency backing of Trump on DorianIn internal email obtained by ABC News, NOAA’s acting chief scientist says he wants to launch an investigation into potential policy violations involving a NOAA statement supporting Pres. Trump’s assertion that Hurricane Dorian threatened Alabama. What investigation? He doctored an official Government document and presented it. It was recorded and will live forever! Undeniable. Who gives a shit? Commerce Sec. Wilbur Ross Threatened NOAA Purge After Staffers Disputed Trump on Hurricane: Report
Source: ABC - 🏆 471. / 51 Read more »

5 major changes the Trump administration wants to make to housing financeCreating competitors to Fannie Mae and Freddie Mac, and loosening mortgage regulations are among the proposed reform. I mean, they only crashed the economy, in a sane world we'd have shut them down .
Source: MarketWatch - 🏆 3. / 97 Read more »

Pompeo on Bolton firing: Trump 'entitled to staff that he wants'Secretary of State Mike Pompeo speaks out after Trump announced that he was firing National Security Adviser John Bolton. Pompeo said the president is 'entitled to the staff that he wants.' If you're hiring 'the best', there isnt this much firing. SecPompeo is just as dangerous as realDonaldTrump TrumpIsADisgrace TrumpCrimeSyndicate JohnBolton Can he please fire himself?
Source: MSNBC - 🏆 469. / 51 Read more »

Republicans have no idea what Trump wants them to do on gunsRepublicans are back in Washington, and once again waiting for President Trump to make up his mind. A month after mass shootings in Dayton, Ohio, and El Paso, Texas, GOP lawmakers are languishing over what to do about background checks and guns. The answer is to vote out the Trump, GOP, and MassacreMitch MoscowMitch. Republicans are afraid of the NRA and all the gun manufacturers who donate to their elections.
Source: CNN - 🏆 4. / 95 Read more »

Controversial Trump aide John Bolton exits WH knocking TrumpPresident Trump has fired controversial National Security Advisor John Bolton on Twitter, after they ‘strongly disagreed.’ Sparking more controversary, Bolton offered a different recount, saying he previously ‘offered to resign.’ Former Obama official Richard Stengel argues ‘the problem with replacing Bolton’ is ‘when someone leaves the Trump administration, they’re never replaced by a better actor.’ stengel Ummm, you got shitty windows MSNBC. honestelaine stengel He WILL be replaced by someone who is not. stengel MSNBC sucks BERNIE SANDERS 2020
Source: MSNBC - 🏆 469. / 51 Read more »