Political Quotes

“There is no better sign of a healthy economy than a healthy real estate market. We know this in this country from bitter experience since the real estate and financial collapse of 2008. In my State in Connecticut, we are barely at a place now where home sales and home equity has even come in a positive direction and climbing back towards what existed back in 2008 when the collapse occurred. Listening to the President's speech on Friday where he very powerfully talked about the forgotten American, middle class individuals and working people who really felt that they were left behind in terms of the work that happens in this city, he clearly touched a nerve that propelled him to the White House. As I said, it was probably the most powerful part of his message that he delivered on Friday. I mention that because it was astonishing that within an hour after taking the oath, President Trump signed an executive order rolling back a rate reduction for mortgage insurance for homeowners. What that means is that for many homeowners--particularly first-time home buyers--they need to have mortgage insurance in order to qualify for a mortgage. That ensures that if there is a default, that the mortgage will be paid off. It de-risks the loan so that, again, particularly people who are first-time home buyers can actually buy a house. The Federal Housing Administration, FHA, runs this mortgage insurance program.…”