it's not funny to me as someone who has family members who work in the mortgage industry that trump is gonna wreck the mortgage industry for no reason. but it *is* funny to me as someone who knows that loan officers are 90% trump supporters and they will get absolutely annihilated by this stuff - ThreadSky

mtsw.bsky.social • 12 days ago

it's not funny to me as someone who has family members who work in the mortgage industry that trump is gonna wreck the mortgage industry for no reason. but it *is* funny to me as someone who knows that loan officers are 90% trump supporters and they will get absolutely annihilated by this stuff

Comments

yossarian320.bsky.social•12 days ago

They almost wrecked it last week when they tried to close the CFPB. Only a matter of time before they break something fundamental. There will be significant political blowback when it happens, but I fear it won't be enough.

geminidrgn.bsky.social•12 days ago

possibly the height of irony if a fucking real estate investor ends up being the guy that takes down the 30 year fixed rate mortgage

cv-danes.com•12 days ago

FAFO be a harsh mistress.

alexbaca.bsky.social•12 days ago

same 🥴

dynasaurarmoir.bsky.social•12 days ago

As a former loan industry accountant, this is 100% correct. These folks live and die by small margins in the interest rate. FHA being gutted will demolish their livelihood.

mtsw.bsky.social•12 days ago

hahahaha yes https://bsky.app/profile/uppidywoman.bsky.social/post/3lihxam2jfk2x

danmcd.bsky.social•12 days ago

Was kinda surprised car dealers wouldn't get hit first (esp. with direct-to-customer advocate Musk nearby).

danmcd.bsky.social•12 days ago

But OTOH, this *is* a Project 2025 line-item, where direct-to-consumer auto sales isn't.

rod34gt.bsky.social•12 days ago

Hail to the thief

votenanocratic.bsky.social•12 days ago

miamibeach.bsky.social•12 days ago

Technically will bring down inflation if home prices fall

mortgagetruth.bsky.social•11 days ago

It’s a weird position if you’re supporting this stuff. I don’t think all LOs are Trump supporters. But I am seeing a lot of support for all these job cuts, even if it means fewer eligible borrowers due to unemployment & possible disruptions in loan flow. Of course nobody truly understands it yet.

paris-the-goat.bsky.social•12 days ago

As someone in the industry...yeah. It's shocking how many people were looking forward to Trump "fixing" the housing market and interest rates. They don't have a clue.