Cajun Philosopher, Louisiana, IFBP, 🇺🇸🇮🇱 @playteaux, Wife, Patriot, Pontoons, Lake Maurepas, LSU, Maltese Dogs, LOUISIANA PROUD
Saint Amant, Louisiana
Joined June 2023
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Pinned Tweet
Post a screenshot of your profile page in the comments.
I will pin this post so visitors can see and follow back. I got the idea from @TheRealGameGod ❤️
Playteaux retweeted
Obviously, some of you don’t remember the American Dream Act with George Bush no money down and no payments for years.
During George W. Bush's presidency (2001–2009), his administration championed homeownership to boost the U.S. rate from 67% to over 70%, particularly for low-income and minority families. This included the 2003 American Dream Downpayment Initiative, providing federal grants for zero-down FHA loans, and a 2004 proposal to insure 100% of home values without upfront payments. These policies, alongside deregulation of Fannie Mae and Freddie Mac, spurred subprime lending booms with minimal underwriting, fueling speculative buying and the housing bubble.
By 2007, as subprime adjustable-rate mortgages reset and defaults soared, Bush's team responded with a voluntary lender agreement to freeze introductory interest rates for up to five years on 1.2 million eligible loans, averting immediate payment spikes for at-risk borrowers. Paired with tax relief on forgiven debt, it aimed to curb foreclosures amid a market collapse that erased $10 trillion in wealth and triggered the Great Recession, with critics blaming federal encouragement of risky loans for amplifying the crisis.
Is this what we wanna do again create another housing crisis with foreclosures.
Many of you will not remember what happened in the 80s when the oil field crashed and housing prices plummeted.
Playteaux retweeted
*^Patriot Conductors^*
@Ilegvm
@JoeyT1010
@Lissa4Trump
@Lisahudsonchow7
@lovely5637
@nanahendrix66
@Playteaux1
Conductors work hard to keep trains rolling people, show them some appreciation and drop a follow
