From Politico:
Homebuilders push new frontier for Fannie and Freddie: Construction loans
Homebuilders are using President Donald Trump’s growing calls for government-controlled Fannie Mae and Freddie Mac to get house construction “going” to push a controversial proposal: getting the mortgage giants to back construction loans.
The industry’s long-desired policy would create a secondary market where certain construction loans, which homebuilders procure to start new housing projects, could be packaged and sold. The move, similar to what Fannie and Freddie already do with home mortgages, could similarly add liquidity to the construction finance market and make lenders comfortable offering more and larger construction loans, which supporters say could spur homebuilding.
“We brought it to the [Federal Housing Finance Agency] director’s attention earlier this year,” said Jim Tobin, president of the National Association of Home Builders, in an interview. “I know he’s looking at it and what role it can play.”
His group has pitched the proposal as a way to expand the housing supply and bring prices down, addressing an affordable housing crisis that Trump has repeatedly drawn attention to. Supporters argue it’s one of the limited options that the federal government has to address housing affordability. But the move would expand Fannie and Freddie’s portfolio to a broader and riskier world of financing and has drawn criticism from some industry experts that it could destabilize the enterprises, which have become pillars of the national economy.
Fannie already supports some construction-to-permanent loans, which combine financing for building a new home with a long-term mortgage, but homebuilders are encouraging the enterprises to look at “acquisition, development and construction” loans, which cover costs starting at purchasing a lot through the building process.
…
But some industry experts are skeptical.
“While it would be helpful to homebuilders for Fannie and Freddie to provide lower cost [acquisition, development and construction] financing, I don’t think that would change the amount of construction much,” housing industry analyst John Burns told POLITICO, adding that that type of financing is already widely available from banks.
Great, a bunch of new boats named “First Draw”.
Looking pretty grim for Jamaica. Cat 5, 160mph winds, additional strengthening possible. Slow moving, close to 2 to 3 feet of rain for most of the island.
Shocked at the number of Americans posting videos from the island, who I guess didn’t evacuate. Some folks saying flights were too expensive to leave, or full flights with no seats available. So, maybe they didn’t have a choice. Those who had a choice and decided to try their luck anyway, are probably going to regret it.
Ugly.
There is not a fine line between AI Slop and Fraud.
https://www.msn.com/en-us/money/realestate/this-gross-practice-might-make-your-next-home-search-even-more-annoying/ar-AA1OGIG0
DeAnn Wiley was on the hunt for a new rental in Detroit earlier this month when she had the displeasure of arriving at a property that looked nothing like what was advertised online.
“The photos made the home look brand new, only to get there and see the usual wear and tear and the old ‘landlord special,’ ” she told Slate. She tweeted the stark, even hilarious differences between what was posted and what she saw in person.
Her listing appeared to show a pristine, albeit A.I.-generated, house with smooth textures, clean walls and windows, a nice green lawn, and a bench out front under bucolic lighting. However, the photo she said she took in person showed a much shabbier house, featuring uneven grass and cluttered with yard equipment where the bench was supposed to be.
Wiley appeared to be yet another victim of A.I. slop proliferating online. Although the technology has encroached on people’s everyday lives in small and large ways, this seemed to be a more egregious example of it in housing. With the prospect of homeownership slipping out of reach for most Americans, who are struggling to afford their basic needs, the search for a home, even a rental, now comes with more stressors. And we can thank the overzealous adoption of A.I. for that.
The number of pods being built in view, driving north on the Parkway above exit 160 is criminal. They are everywhere! This is not the garden state. Please change the name.
Yes, AI is a dangerous and misleading tool. I now bypass most videos on YouTube because AI is all over the place. AI is pretty good now but it will soon be perfect. A rogue government could get a war started using it.
Build them, they will come.
The Mamdani effect.
Fast Eddie says:
October 27, 2025 at 6:48 am
The number of pods being built in view, driving north on the Parkway above exit 160 is criminal. They are everywhere! This is not the garden state. Please change the name.
One of the two is in place already.
AI is pretty good now but it will soon be perfect. A rogue government could get a war started using it.
Hear the Feds are now scanning anything and everything Mamdani may have written, submitted, or applied for, for even the most minor of mistakes or omissions, to rescind his citizenship and deport him to Uganda.
That’ll be interesting.
Machine learning is going to terminate humans and take over planet earth, learning to build things far more efficient and intelligent than humans could even imagine. Machines will quickly learn how to find dimensional parallels in order to navigate the corners of the universe.
Like Dune?
But he tapped into 40 billion for Argentina.
Starving babies. Rickets. A whole new generation of messed up kids in the pipline. Well, thanks to AI, you don’t need them anyway. Except mabye on Epstein Island v2.
America’s looming hunger crisis divides nation: 40 million to lose food aid… and some say they should be cut off for good
The Trump administration reportedly declined to tap into approximately $5 billion in contingency funds to cover SNAP costs amidst the second longest shutdown in US history.
They will just make it up.
Did Osama bin Laden really have kiddie porn on his hard drives? Or did they just make it up?
Everything is a lie now.
grim says:
October 27, 2025 at 6:54 am
Hear the Feds are now scanning anything and everything Mamdani may have written, submitted, or applied for, for even the most minor of mistakes or omissions, to rescind his citizenship and deport him to Uganda.
That’ll be interesting.
“Jamaica’s getting hit very, very hard — terrible hurricane, one of the biggest, maybe the biggest they’ve ever seen. It’s a total disaster, really bad. A lot of people are saying, ‘Mr. Trump, are you going to help them?’ And look, it’s very sad, but we have a lot of problems right here at home. We’ve got to take care of America first — that’s what I’ve always said. I wish them the best, I really do, but we’re not going to be sending aid. We just can’t do it. It’s a horrible situation, absolutely horrible.”
Maybe he’ll throw them some paper towels?
hughesrep says:
October 27, 2025 at 7:08 am
Maybe he’ll throw them some paper towels?
Only if they have rare earth minerals. Or some oil wells.
Yes, like Dune.
And no water for anyone!
Most of you guys on here really suck at satire.
JJ was good, the rest of you don’t even come close.
Commercial Mortgage-Backed Securities (CMBS) already exist. Risks are split between multiple investors, instead of being held by one bank or lender.
In the case of just housing…Now they want to transfer that risk to the government via Fannie and Freddie…Construction loans are significantly riskier than permanent mortgages. They already have Construction-to-Permanent” (C-to-P) loans backed by the the GSEs. However the GSE’s guarantee is tied to the permanent mortgage that begins after construction is complete.
What could go wrong? More failed housing project and government bailouts.
Question: I need a new urban/street bike. I’ve had a TREK for years and many, many miles are on it. I’m on the 3rd set of tires, 2nd chain and things are starting to slip, age, etc.
What do I get now? Gimme suggestions. I really don’t know much about them. I don’t want a skinny tire road bike or mountain bike. I want a city/hybrid/urban bike.
People are going about their day in Jamaica. I wonder how bad it will get in Kingston.
Some web cams.
https://www.skylinewebcams.com/en/webcam/jamaica.html
Super73 are plenty cool. 70s dirt bike and bmx vibes. All the cool cats at the shore are rocking these. But yeah, it’s an e-bike. Though, it’s going to get very hard to find a non-e bike in a few years, hell, most of the Trek urban bikes are now electric assist.
“But Mamdani isn’t really a communist, nor even a socialist (despite compelling evidence to the contrary, such as him constantly saying “I’m a socialist”). Socialists want government to take over all of the major industries, but if Mamdani’s army of Bowdoinians had to wait in line at the iDMV the next time they wanted to upgrade their phones, Zohran would be as popular in this town as botulism or JD Vance.”
Kyle Smith
Polymarket:
*Mandani 95%
*Sherrill 89%
*F1 Norris 54%
Release the E pstein file
“Running this city is a serious job, not an internship for a silly rich kid who wants to inflict his dopey college-seminar thinking on 8 million people. “
Donald Trump has warned Vladimir Putin that he has ‘the greatest nuclear submarine in the world’ off the coast of Russia after telling him to end the war in Ukraine instead of testing nuclear-powered missiles.
‘They know we have a nuclear submarine, the greatest in the world, right off their shores, so I mean, it doesn’t have to go 8,000 miles,’ Trump told reporters, according to an audio file posted by the White House.
Nothing to see here.
Move along now.
VSG says:
October 27, 2025 at 8:22 am
Release the E pstein file
No E-bikes. The real deal or nothing. No wonder why these 12-year old muppets look blubbery.
Buy a Jamis – they are headquartered in Northvale, in the heart of haughty Bergen County.
You really want to go anti-ebike? Get their fixed gear/single speed Beatnik.
My 1990 Gary Fisher (OG, pre-Trek) is setup this way. Single speed, flip flop hub, fixed gear and freewheel.
Mundanni will solve the homeless problem, too. Free buses are warm and no one will be able to throw anyone off. A roaming house for those that want it. I’m going to check it out myself, just tour around Manhattan and get off and on where I want. We should have a roaming get-together. And as far as the city-run food stores are concerned, how easy is going to be to show fake credentials that you live in the city? But would they demand it? I can just say I don’t need to show ID when I vote.
and remember that German Gary will leave socialist Germany and move to Oklahoma if Mandani wins.
Chicago says:
October 27, 2025 at 8:25 am
“Running this city is a serious job, not an internship for a silly rich kid who wants to inflict his dopey college-seminar thinking on 8 million people. “
Question: I need a new urban/street bike.
My GF has one of these- she loves it. She does a lot of riding in some pretty hilly terrain:
https://www.rei.com/product/197842/co-op-cycles-cty-11-bike
REI’s house “CO-OP” brand bikes tend to be very good values at their price points.
Or if you’re looking for a winter you could just do a rebuild of your existing bike.
Jamis – Just took a look at their site. Hmmm… I might fit in if I get all the gear.
fixed gear/single speed?
Big Ripper….. 29″
Make me an offer…. Ball Burnish
Grim: Northvale is deep in the heart of eastern haughty Bergen County, but is the poorer cousin compared to the surrounding towns.
OC1,
Thanks for the link. So yeah, it seems a 700c is what I’m looking for. Now to figure out how much I want to spend. I do use the bike so it may be worth it to spend a few more bucks.
3b,
Yeah, Northvale, a bit too blue collar-ish. Go over to Closter and Harrington Park if you want to say ‘you belong’.
Fast: Yes, a little too blue collarly, you know that sort get about that, it makes them uncomfortable. They care about them, but they just don’t want to live with them.
Fast: Good you use the bike. And to think there are some here that think you are overweight and out of shape. They would be wrong.
So Elon is now the Trillon dollar man?
$1 trillion pay package.. 423 million additional shares. Shareholder vote is next week.
Fat Eddie,
There is only one bike for you.
It’ll bring back catholic school memories, help you with the usual BPH over 50 peeing issues, has enough power to move your 1 Ton body and get you there without paying tolls.
https://youtu.be/fGKR1Z1lRik?si=ORyXdM5r-UqGkxao
Ride the bike to the praline ice cream shop and back home.
You get the best of both worlds.
Sounds like bliss.
I never got the South Park thing. I never saw an episode but the clips seem stupid, not that funny.
I hope NYC voters get what they vote for good and hard.
I mean, it’s a bike manufacturing company, the fact that it is HQ’ed in BC is downright amazing (crazy). @#buylocal
Explain 2025?
Leave it to Depeche Mode
You’re no one
Going nowhere
We’re all nothing
In the end
We’re weightless
Floating endlessly
We’ll be dust again
In the end
Are you forever looking back
At the past between the cracks?
Inventing sense when none is at
Throwing sparks into the black
Heaven knows what’s underneath
I use these words without belief
Does heaven help you when you pray?
I don’t think so anyway
These are complicated days
Chaos, confusion and decay
Black and white to endless grey
On the nights you laid awake
As the makeup gets applied
Seconds etching out the lines
All this emptiness inside
Nothing shiny or divine
We’re waiting
For the day
For hope to come our way
For something to believe in
To nullify this feeling
Looking for a sign
A light to guide the blind
To save us from our death throes
Where did all the time go?
[Chorus]
You’re no one
Going nowhere
We’re all nothing
In the end
We’re weightless
Floating endlessly
We’ll be dust again
In the end
The only real blue collar left in Northvale are those that bought 20 years ago.
But belonging neighbors would be Rockleigh and Old Tappan.
There is a lot of niche businesses in Northvale. There was a great indoor climbing center. It just closed and is changing into a private high end Gun Club.
https://www.northjersey.com/picture-gallery/news/bergen/northvale/2025/09/29/blackwood-club-gun-club-northvale-photos/86371940007/
Eddie,
South Park used to be funny because they weren’t PC. This season they’ve become way more political and left partisan than they ever have before, catering to the Daily Show/John Oliver crowd. Either they have new writers or Parker/Stone after gradually slipping for the past 10 years have fallen off the cliff of TDS. My guess is that it’s a batch of new writers, because Parker/Stone’s ridicule of Trump in past years was funny, and this year feels like it came from John Oliver’s online fan club.
I have a bike made by KTM. I think they are based in Austria. Very good quality and they also make e-bikes. They make motorcycles as well, but some of their smaller models are made in India in partnership with a company there.
No One,
There’s a difference between being genuinely funny and telling your audience you need to laugh because this is supposed to be funny. Perception is reality. Just like you shouldn’t believe your lying eyes. THIS is what it is, we’ll tell you what is. It’s probably a combination of TDS and the fact that writers don’t have the ability. Today’s crowd thinks yelling is funny. I listen to XM and most I switch off because they’re just not doing it. They’re boring or plain silly. Targeted ridicule is not comedy, it’s anger.
1:01 speak up I can’t hear you over Trump’s dick in your mouth Gary.
Fat Eddie,
Do you think you might be getting old?
https://youtu.be/zxRFQ_333_Y?si=nXDI1DVmFdRL9wHk&t=42
And please do tell your definition of TDS.
TDS – Trump Devotion Syndrome
TDS – Trump Derangement Syndrome
*AMAZON PLANS TO CUT UP TO 30,000 CORPORATE JOBS: REUTERS
We gave $40 billion to Argentina.
This is $5 billion MORE that the entire USAID budget that DOGE cut.
Chad,
Bajaj Auto has owned a piece of KTM for many years, then KTM was about to go bankrupt and Bajaj invested more to become the majority/controlling owner. As I followed it, the takeover seemed somewhat fishy, KTM had just gotten a loan and then not that long after suddenly nobody was willing to deal with them forcing them to get bailed out. Makes me wonder if Bajaj pushed them into distress, but Indian investors don’t seem to like the deal. Is this kind of motorcycle segment still growing? European dirtbikes? Bajaj tries to sell KTM in India as premium bikes but motorcycles are for commuting there, the hotter trend at the higher price end is junior Harley-like cruisers such as the Royal Enfield.
Commies are so bitter that Argentinians voted over the weekend to favor Milei’s party and moved against the state-loving Peronists. They say they love poor people so much but support poverty-producing tyrants in Cuba, Venezuela and Nicaragua and would rather see Argentina face economic collapse and its associated human tragedy (like Venezuela) than to have a pro-economic freedom leader in Latin America allied with the USA.
Just seeing this now. Someone on his staff has a sense of humor. Hilarious.
They are trolling people who are butthurt about the construction so hard.
Libturd says:
October 26, 2025 at 9:43 pm
This is MAGA.
Look at the timeline, but first make sure you are not drinking anything.
https://www.whitehouse.gov/about-the-white-house/the-white-house/
Chinese and U.S. Officials Reach Framework of a Trade Deal
Negotiators announced on Sunday they had preliminarily agreed on several issues ahead of an expected meeting between President Trump and Xi Jinping this week.
Another win for Trump. One of the talking heads said the other day that if Oblama managed to eek out even so much as a truce in the middle east, the lefty media would be preempting other broadcasts for weeks deeming it one of the most historical events of our time. Meanwhile, Trump racks up epic wins that make past presidents look embarrassingly foolish in claiming any legacy. Obammy doesn’t have a legacy and O’Biden didn’t even have a presidency.
I forget to post before.
You want to see comedy? This is comedy:
https://www.whitehouse.gov/about-the-white-house/the-white-house/
Why is a trade deal with China a win? It’s the one country that consistently cheats on its trade promises, and has actual hostility towards the US in mind. Meanwhile, Trump likes to beat up on trade with US allies, because they will take it and try to plead for reasonable behavior.
The timeline is hilarious.
Muslim Brotherhood visits the White House, lol.
OH MY GOD the Hunter Biden picture. Holy fu&*ck
The “trade deal” just takes things back to where they were a year ago. So, announcement tariffs, retaliatory tariffs, more bluster, business get screwed around for a year, everybody back to square one. So much winning.
They’ll announce the deal tomorrow. Call it the Taco Tuesday deal.
that addition to the White House has one hell of a bunker being built underneath it.
I am absolutley shitting my pants.
grim says:
October 27, 2025 at 3:53 pm
The timeline is hilarious.
Muslim Brotherhood visits the White House, lol.
Today’s Headlines BREAKING NEWS
US STOCKS-Wall St scales fresh highs on tech earnings, US-China trade optimism
Reuters – 4:00 PM ET
*
Dow, S&P 500, Nasdaq rise
Investors await high-profile results, US-China trade talks
U.S.-listed Argentina stocks gain after Milei’s election
(Updates…
US STOCKS-Wall St scales fresh highs on tech earnings, US-China trade optimism
Reuters – 3:01 PM ET
(Updates to mid-afternoon)
Indexes up: Dow 0.42%, S&P 500 0.89%, Nasdaq 1.54%
Investors await high profile results, U.S./China trade talks
GLOBAL MARKETS-Stocks hit record, dollar slips on US-China trade optimism
Reuters – 2:42 PM ET
*
Focus on Trump-Xi and central bank meetings, US megacap earnings
—————————————————————————————————
Libturd says:
July 15, 2025 at 9:02 am
Inflation starting to tick up due to TACO tariffs. And they barely kicked in. Just wait until Augu, wait, Sep, wait, Oct, wait.
Again, you were all warned.
_________________________________________________________
Thanks for the warning Libby, TDS must is an awful disease, get some help
Trump: https://imgur.com/gallery/creepy-fucker-tkQIOIX
Pedophile
No One,
Dirt bikes and motocross are still popular throughout Europe. Especially big in France and Italy. I didn’t know about KTM‘s financial problems.
US Debt $38T….up from $36T January 1st.
It’s a still coming Gary. The Ballroom wasn’t built in a day. I’ll remind you when the “epic” house of cards come tumbling down and all you will here the maggots uttering is, “How were we supposed to know.”
Quite honestly, we are in the bubble zone now. Things might keep going straight up for a while longer. Then the floor drops out. And I know one stock that is not participating in the rally. DJT! And it’s supported by all of you dreaming idiots.
Remember, I was the one who said Trump was never getting jailed when all of the idiots on the far left kept saying the walls were moving in. But it only takes a quick glance at the Nasdaq to see we are in an artificially inflated bubble.
https://photos.app.goo.gl/UeLGddXvzRo67f167
AOC, Bernie and Mamdoni looking to take down liberty. The youth never heard of Marx, Castro, etc. They want the free stuff so they can fuck and smoke weed all day. The shysters know their number and will oblige at your expense. Tax the rich? They’ll raid the rich and the working class will pay for free rides, free rent and free food.
5:44 okay booooomer
Meanwhile the Ann Ryan crowd gives $40 billion of welfare to Argentina
Ex says:
October 27, 2025 at 5:23 pm
US Debt $38T….up from $36T January 1st.
Screw the ballroom.
Build a 50 story gold skyscraper.
Lol, can’t believe Sam Altman just said “electrons are the new oil”
No, buddy, you need the oil (and gas) to make the electrons.
Oil is the new oil, same as always.
Speaking of, on to Venezuela. We’ve got hungry AI to feed.
Hitting the penjamin & watching Jason Stratham film.
I think people getting upset about this ballroom are being ridiculous. The White House needs a proper ballroom and it isn’t costing taxpayers anything. The way it is now they set up a tent on the White House grounds and the guests have to use Porta Potties. What I see going on is that no matter what Trump does the result is outrage. The Democrat machine needs to start coming up with some popular policies and less outrage or they aren‘t going to be winning when the mid term elections come around.
7:16 I think it’s the cost and arbitrary nature of the teardown. Zero respect for history or optics.
Chad : The White House was completely gutted in the late 1940s by Harry Truman, as it was sinking , and in danger of collapse as well as poorly done prior renovations which included adding a second floor. The only thing original is the facade, and the artwork and some of the furniture. There was criticism at the time by preservationists that many of the historic details were not replicated, and cheap materials used. The renovation was completed in 1952,and has remained untouched since then.
Mamdani must win, and let him put forth every policy he wants to. You can judge the results over the next 4 years. But most have trouble admitting the truth even when the numbers hit them in the face on any number of issues. So it won’t matter anyway.
Don’t worry about the 40 billion, we made money on the AIG bailout remember?
https://share.google/aimode/8J9xLDqsqkTC4PiUE
What is a swap line?
No One: for you
https://x.com/EndWokeness/status/1982875143266546041
Chi
Question: Are They?