Donald Trump comes from the real estate industry. So, guess what? Donald Trump’s first executive order created special business favors for private real estate corporations – and made American homeowners pay the bill for it.
Trump issued an executive order to increase the fees that homeowners pay on public mortgage insurance – by an average of $500 per year.
One effect is to create a market advantage for private corporations in the real estate industry that offer mortgage insurance at a high cost to homeowners.
In effect the fee increase the same as a $500 tax increase – and Donald Trump promised to cut taxes.
Well, we all know what Donald Trump’s promises are worth, don’t we?