President Donald Trump was deceived into backing a plan for 50-year mortgages by a federal housing official who “doesn’t know the first f—— thing about how the mortgage markets operate,” according to an unnamed official quoted in Politico.
The White House is livid over Federal Housing Finance Agency Director Bill Pulte, who got Trump to endorse the 50-year mortgage plan after pitching the idea to the president over the weekend at Trump’s golf club in Florida using a 3-by-5 posterboard.
“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,’” Politico reported.
“Roughly 10 minutes later, Trump posted the image to Truth Social,
Trump tricked into backing 50-year mortgages, advisers say: President says it’s not ‘a big deal’
