Donald Trump suspends evictions, home loan foreclosures - Trump is going FULL MAOIST

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At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.

President Donald Trump on March 18 ordered the suspension of evictions and mortgage foreclosures for six weeks as part of the government effort to ease the economic pain from the coronavirus pandemic.
At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.
No details on the announcement were immediately available.

www.thehindu.com

Coronavirus | Donald Trump suspends evictions, home loan foreclosures

At a White House briefing, Mr. Trump said the Department of Housing and Urban Development is providing immediate relief to renters and homeowners by suspending all foreclosures and evictions until the end of April.
www.thehindu.com www.thehindu.com

HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak

The Department of Housing and Urban Development will be suspending foreclosures and evictions for mortgages insured by the Federal Housing Administration until the end of April, President Donald Trump announced today. A HUD source familiar with the stop said the suspension would protect 8.1 million households.

The Federal Housing Finance Agency also ordered Fannie Mae and Freddie Mac to suspend foreclosures and evictions for any single-family mortgages they back for “at least 60 days,” the agency said today.

“This foreclosure and eviction suspension allows homeowners with an enterprise-backed mortgage to stay in their homes during this national emergency,” FHFA Director Mark Calabria said in an emailed statement.

“As a reminder, borrowers affected by the coronavirus who are having difficulty paying their mortgage should reach out to their mortgage servicers as soon as possible,” Calabria added. The enterprises are working with mortgage servicers to ensure that borrowers facing hardship because of the coronavirus can get assistance.”

FHFA earlier this month had announced that the government-sponsored enterprises would provide payment forbearance — allowing mortgage payments to be suspended for up to a year — to borrowers hit by the outbreak. Fannie and Freddie also reminded mortgage servicers that hardship forbearance is an option for borrowers unable to make payments.

www.politico.com

HUD, Fannie, Freddie suspend foreclosures, evictions during outbreak

FHFA Director Mark Calabria said the suspension "allows homeowners with an enterprise-backed mortgage to stay in their homes during this national emergency."
www.politico.com www.politico.com

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First Trump was ordering for Trumpbux to be dispersed, now he is ETERNALLY BTFOing landlords. I never thought I'd see the day for Trump to go full FASHY communist. I made numerous posts about how the virus would result in a communist revolution. I'm so glad my predictions are coming true.

Donald Trump aka Lil Mao

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break these cuffs said:
Try getting your information from someone other than streetshitters. This is for federal stuff concerning HUD programs, FHA loans, VA backed mortgages, etc.
https://www.americanbanker.com/news...osure-halt-through-april-for-hud-backed-loans
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What does that have to do with anything? That is still landlords, If you have a mortgage you don't own your home. Did you even read the article you linked?

"The Federal Housing Finance Agency also ordered Fannie Mae and Freddie Mac to suspend foreclosures and evictions for any single-family mortgages they back for “at least 60 days,” the agency said today.
 
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Oh no... my tax dollars going towards something that might actually be beneficial to Americans in a time of crisis? How dare he?
And he's going to keep people from being homeless and on the streets when its being advised to stay off the streets?
What a dictator.

Oh wait @tuscangarder started this thread I'm supposed to shitpost.

Glorious day comrades! No more asking when the revolution comes for it is on our doorstep! I hope the landlords get drug through the streets they were going to boot our downtrodden brothers and sisters out on.
 
break these cuffs said:
Your article is shit, I provided a better one.
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My article said the same thing yours did. I don't think you understand how mortgages work. lmao

The Reaper said:
Oh no... my tax dollars going towards something that might actually be beneficial to Americans in a time of crisis? How dare he?
And he's going to keep people from being homeless and on the streets when its being advised to stay off the streets?
What a dictator.
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Most people here are actually against that.
I think this is a great thing, what are you crying about? I like Mao.

Not Really Here said:
Both foreclosure and evictions are legal processes involving the courts and police.
Most courts are closed ATM.

Get an xray, you may have a brain tumor.
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Tell this to the Maoist Trump? It is his order.
 
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I post here, fully aware that this entire thread is one giant communist bait, a bait that is a bit too obvious I might add.

If I read this right, what Trump is doing is not a communist approach, it is a humanitarian one.
Nobody, that claims to be humane and that understand that a society will always be judged on how the poor are treated, wants to see people in the street, and the struggle to give peoplethe opportunity to own a home and keep people off the streets and into society can never be called a communist struggle.
This is a real issue, affecting real people, and I do believe that the scale requires government intervention.

Communism is a thought system that deals with virtual issues and creates real issues and then proceeds to forget that reality exist with firing squads and gulags.
Therefore, Trump cannot be called communist because he takes mesures that are temporary and steeped in common sense, while affecting his sphere of authority ( Federal state )

Edit: A few words forgotten and two commas.
 
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I wonder how this will be twisted into a ORANGE MAN BAD smear. I love the fanfic of the US media when it comes to anything Trump does vaguely sensible.
 
F/lying Frankenstein said:
If I read this right, what Trump is doing is not a communist approach, it is a humanitarian one.
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It is a communist approach. It is literally taking private property rights away from land owners. You can fluff it up in your head however you like though. It won't change reality. Communism is humanitarian. That is the whole point.

quote-the-ruthless-economic-exploitation-and-political-oppression-of-the-peasants-by-the-landlord-mao-zedong-90-45-60.jpg

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tuscangarder said:
It is a communist approach. It is literally taking private property rights away from land owners. You can fluff it up in your head however you like though. It won't change reality. Communism is humanitarian. That is the whole point.

quote-the-ruthless-economic-exploitation-and-political-oppression-of-the-peasants-by-the-landlord-mao-zedong-90-45-60.jpg
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No they aren't, it a crisis event where people can't work to pay Bill's Geez calm down.
 
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