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Yo_Mama_Been_Loggin

(132,050 posts)
Tue Nov 11, 2025, 01:27 PM Nov 11

'Sold POTUS a bill of goods': White House furious with Pulte over 50-year mortgage [View all]

White House officials are furious with Bill Pulte, the Federal Housing Finance Agency director, who talked the president into suggesting a 50-year mortgage plan.

The White House was blindsided by the idea, according to two people familiar with the situation granted anonymity to discuss internal thinking, and is now dealing with a furious backlash from conservative allies, business leaders and lawmakers.

On Saturday evening, Pulte arrived at President Donald Trump’s Palm Beach Golf Club with a roughly 3-by-5 posterboard in hand. A graphic of former President Franklin Roosevelt appeared below “30-year mortgage” and one of Trump below “50-year mortgage.” The headline was “Great American Presidents.”

Roughly 10 minutes later, Trump posted the image to Truth Social, according to one of the people familiar, who was with the president at the time.

Almost immediately, aides were fielding angry phone calls from those who thought the idea – which would endorse a 50 year payback period for a mortgage – was both bad politics and bad policy, a move that could raise housing costs in the long run, the person said.

https://www.yahoo.com/news/articles/trump-50-mortgage-plan-getting-224500273.html

If only you weren't so susceptible to those who kiss your oversized ass Donny.

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It only takes them seconds to find someone to blame leftstreet Nov 11 #1
This message was self-deleted by its author PeaceWave Nov 11 #2
Why not a 75 year mortgage while we're at it durablend Nov 11 #4
This message was self-deleted by its author PeaceWave Nov 11 #12
Yep. Generational Debt is what it is. Brenda Nov 11 #20
This message was self-deleted by its author PeaceWave Nov 11 #22
Case proven. nt Brenda Nov 11 #23
This message was self-deleted by its author PeaceWave Nov 11 #24
yes DBoon Nov 11 #37
In any case, IQ47 would not deserve to be lauded as FDR-like for allowing that to happen AZJonnie Nov 11 #10
This message was self-deleted by its author PeaceWave Nov 11 #13
As were lower interest rates, extended loan terms, trial periods and principal reductions. Torchlight Nov 11 #25
That plan also reduced rates to as low as 2% and included principal forbearance. nt pnwmom Nov 11 #29
Technically, I believe lenders can offer 50 year mortgages, but they would be "non-qualified mortgages". Jim__ Nov 11 #15
This message was self-deleted by its author PeaceWave Nov 11 #18
The longer the mortgage, the closer it is to renting whopis01 Nov 11 #35
Not an argument against offering such mortgages, but some caveats. Ilikepurple Nov 11 #38
FDR didn't start the 30 year mortgage. Congress authorized it in 1948 for new construction, rsdsharp Nov 11 #3
Lenders would get smoked on 50 year mortgages bucolic_frolic Nov 11 #5
I'm seeing a lot of shoddy construction in Florida, a lot of the crap being built today won't last 50 years. sop Nov 11 #26
Someone posted on DU in the spring bucolic_frolic Nov 11 #28
Scam Thanksgiving dinner promos and now the 50 year mortgage. Baitball Blogger Nov 11 #6
This narrative is openly saying that Donnie is stupid & easily manipulated. He is, but it's amusing to see them admit it themaguffin Nov 11 #7
Pulte....Pulte...Pulte...now where have I heard that name before? hamsterjill Nov 11 #8
The current examples online: Paladin Nov 11 #9
Interesting Math There ProfessorGAC Nov 11 #14
No further detail. (nt) Paladin Nov 11 #16
Heard about the same on CNN. Totally Tunsie Nov 11 #32
Pulte isn't a friend. Isnt he the one who set up the 2 women (can't remember names) Srkdqltr Nov 11 #11
The majority of 30 year mortgages never go that far A HERETIC I AM Nov 11 #17
This message was self-deleted by its author PeaceWave Nov 11 #19
The concept of a fifty-year mortgage isn't a new one, the idea has been around for a long time. SWBTATTReg Nov 11 #21
why aren't Dems running ads with that 50 year mortgage idea? BlueWaveNeverEnd Nov 11 #27
It's always been said that Dozing Donnie always listens to the last person in the room. Totally Tunsie Nov 11 #30
Pulte? the house builder pulte ? That fkg puke ? Fullduplexxx Nov 11 #31
WH admits Trump has no critical skills C_U_L8R Nov 11 #33
I can't Rebl2 Nov 11 #34
Lennar OC375 Nov 11 #36
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