[Tom Miller]

One of my MLO buddies just finished a One-time Close New Construction loan and build with United WHOLESALE Mortgage (UWM)

https://www.uwm.com/trending/one-time-close-new-construction

uwm.com

Smoother process, expanded eligibility | Trending Now | UWM.com

Smoother process, expanded eligibility | Trending Now | UWM.com

[Tom Miller]

FBI Director Kash Patel is once again at the center of growing controversy after a week filled with viral clips, Senate hearing confrontations, criticism over taxpayer-funded travel, and renewed questions about whether his behavior is becoming more of a liability for the Trump administration than an asset. Between the Fox News interview praising Donald Trump, resurfaced drinking clips, accusations of abusing government perks, and backlash over a controversial snorkeling visit near Pearl Harbor, Patel’s public image is taking major hits from multiple directions at once.
In this episode of The Michael Cohen Show, we break down Kash Patel’s latest controversies, the Senate hearing exchange that exploded online, the criticism surrounding his taxpayer-funded Hawaii trip, and why even some Trump allies are quietly beginning to question whether Patel’s constant theatrics are helping or hurting the administration. Michael Cohen also reacts to Patel’s comments about alcohol, the growing concerns surrounding FBI leadership and credibility, the Atlantic lawsuit controversy, and the broader issue of political loyalty becoming more important than professionalism inside government institutions.
Is Kash Patel simply being targeted because of his loyalty to Trump… or are Americans watching the FBI director behave in ways that would have destroyed the careers of previous officials long ago? Watch until the end and let us know what you think.

https://youtu.be/Uh_-SPNyAd4?si=BB-xKudMTxixypaQ

• This reply was modified 1 week, 5 days ago by  Tom Miller.

[Tom Miller]

Michael Burry, the hedge fund manager who predicted the 2008 Housing Crash, just issued a major warning on the U.S. Economy and Stock Market, saying today feels similar to the final months before the 1999-2000 Dot-Com Bubble collapsed. Access our 2027 price forecasts.

In this video, we break down whether the booming Stock Market, AI frenzy, and collapsing personal savings rate are creating another dangerous bubble in America, and what it could mean for Home Prices, Real Estate Investors, Zillow forecasts, and the broader Housing Market over the next 12 months.

We also travel to Chattanooga, Tennessee to investigate some shocking Real Estate listings, including:

-$480k townhome

-$600k Airbnb investment properties

-$500k one-bedroom condos

-Massive price cuts from sellers and investors

-Surging Housing Inventory level

The data from Reventure App, Zillow, Realtor.com, the Federal Reserve, and Robert Shiller’s PE Ratio all point toward growing risks in both the Housing Market and Stock Market

Topics covered in this video:

Michael Burry’s stock market warning

-Dot-Com Bubble vs 2026 comparisons

-Why the personal savings rate matters

-The relationship between stock prices and home prices

-Why Housing Inventory is rising across many markets

-Investor psychology in today’s economy

-Chattanooga Housing Market analysis

-Airbnb investors cutting prices

-Why sellers are refusing to lower prices

Whether a stock market correction could actually help

Housing Affordability

One of the biggest questions facing the U.S. Housing Market right now is whether elevated stock prices are artificially supporting Home Prices by reducing seller pressure. If the stock market eventually corrects, could more investors and homeowners finally be forced to sell?
At the same time, there’s also an argument that lower stock returns could eventually push more money back into Real Estate investing, similar to what happened after the 2000 crash,
The next 12-24 months in the Housing Market could be extremely important.

https://youtu.be/S0g0sDbiP1o?si=H1PhxPnwmJyRVa0L

• This reply was modified 2 weeks, 4 days ago by  Gustan Cho.

[Tom Miller]

The shift away from docking and cropping is primarily due to changing laws, veterinary ethics, and public perception rather than a single political ideology.

Here Are The Main Reasons You’re Seeing More Natural Dobermans and Rottweilers:Legal Restrictions:

• Many countries have banned or severely restricted cosmetic docking and cropping.
• This includes most of Europe, Australia, and several Canadian provinces.
• In these places, it’s illegal for anyone other than a vet to perform the procedures, and often vets are prohibited from doing it for purely cosmetic reasons.

Veterinary Opposition:

• Major veterinary organizations, including the American Veterinary Medical Association (AVMA), oppose these procedures for cosmetic purposes.
• They consider them unnecessary surgeries that cause pain and offer no medical benefit to the dog.
• The procedures are typically done on very young puppies without anesthesia.

Animal Welfare Concerns:

• Tails: Dogs use their tails for communication and balance.
• Docking removes this important tool and can lead to chronic pain or nerve damage.
• Ears: Cropping involves cutting off a portion of the ear flap and taping the remaining ears to stand erect.
• This is a painful process with a long recovery period and potential for infection.

Changing Breed Standards:

• Many kennel clubs and breed organizations have updated their standards to allow for natural (undocked, uncropped) dogs.
• The American Kennel Club (AKC) still allows cropped/docked dogs in the show ring for Dobermans, but they permit natural dogs to compete as well.

Public Perception:

• There’s growing public awareness about animal welfare, and many people now view these procedures as unnecessary mutilations.
• This has led to decreased demand for dogs that have undergone these cosmetic alterations.
• While you may prefer the traditional look, it’s not accurate to attribute this change solely to “liberals” or global warming beliefs.
• It’s a complex shift driven by animal welfare science, legal changes, and evolving cultural attitudes toward pets.
• Many conservatives, libertarians, and people across the political spectrum also oppose these procedures when done purely for aesthetics.

[Tom Miller]

Love Mike Liddell. Hands down Mike Liddell should run for Minnesota Governor and he’ll win. I think the public especially the Democrats tried to Destroy Mike Liddell. Donald Trump should do something to help Mike Liddell.

https://youtu.be/P4U4iywNbcU?si=Pq01T8Ubs6GIS4NS

[Tom Miller]

Many Blue States, if not all of them are getting caught with Fraud of taxpayer money. Minnesota was the first discovery of billions of dollars in Fraud. Seems very likely Governor Tim Walz and MN AG Keith Ellison were involved. That’s yet to be seen. Now California. Almost $200 million of fraud was uncovered in the state and Gavin Newsom seems he is the prime suspect.

https://youtube.com/shorts/1sycM4-_scg?si=D8cTRJ8EsNUX4Jfx

[Tom Miller]

To receive down payment assistance (DPA) from National Faith Homebuyers, applicants must first confirm program eligibility, then submit a complete DPA application package and a signed purchase agreement.

1. Preparing for Program Eligibility

• Attend a National Faith information session or Fast Track workshop, and complete the required homebuyer education.
• Work with a lender to secure a first mortgage, either FHA or conventional, through a nonprofit DPA program that allows secondary financing.
• Obtain a purchase agreement for a property in an eligible city or area before submitting the DPA application.

2. How and when to apply

• To apply for National Faith’s down payment assistance, visit the application page and select the appropriate program, such as Wayne County, Westland, or Detroit. For Westland, Wayne County, Rehabbed & Ready, and other programs, download and complete the fillable PDF DPA application. Submit the completed application with all required supporting documents.
• To apply for Detroit’s citywide DPA, submit the application through the city’s Neighborly portal. Refer to the National Faith checklist to determine which documents are required for upload.

3. Commonly Required Borrower Documentation

Required documents may vary by program, but most National Faith DPA checklists include the following:

• Last 30–60 days of income for all household members.
• W-2s and tax returns from the previous year.
• Last 3 months of bank/asset statements.
• Completed DPA application (anyone 18+ signs).
• Copy of driver’s licenses (front and back) for everyone 18+.
• Copy of Social Security cards for all household members.
• Proof of completed homebuyer education.
• Signed program disclosures (lead disclosure, conflict of interest, residency attestation, etc., some notarized).

4. Lender and realtor items

National Faith also requires a lender and realtor package:

• From lender: 1003, LE, appraisal, flood determination, title commitment.
• From realtor: signed purchase agreement and EMD copy.

National Faith reviews submitted files and forwards them to the appropriate city, county, or program sponsor for final approval and fund reservation. The closing process typically takes about five business days.

5. Practical Loan Officer and Processor Workflow

Below is a recommended workflow for loan officers and processors:e borrower with a DPA-eligible product and confirm they meet NF income/area rules.

1. Ensure the borrower attends the National Faith information session or completes the required education if it has not already been completed.
2. Once the borrower has an accepted purchase agreement on an eligible property, obtain the correct National Faith DPA application and checklist. In accordance with Detroit and National Faith guidelines, submit a complete package to National Faith at least 5 business days before closing, preferably 2 to 3 weeks in advance.

If the location is specified, such as Detroit, a Wayne County suburb, Westland, or Rehabbed & Ready, prepare a one-page internal checklist and email template for loan officers or processors.

[Tom Miller]

National Faith Homebuyers collaborates with other non-profit organizations to provide Down Payment Assistance (DPA) and homebuyer education in metropolitan Detroit, Wayne County, surrounding regions, and Atlanta.

Program Overview

• National Faith Homebuyers, a HUD-approved non-profit organization, offers DPA, financial literacy education, and foreclosure prevention services to expand homeownership opportunities in the United States.
• DPA programs give 0% interest, forgivable second mortgages to help with down payments and closing costs.

In Wayne County, a specific program offers a second mortgage ranging from $13,999 to $14,999 at zero percent interest. The loan is forgiven after five years and is intended to support down payments and closing costs.

Basic Eligibility Criteria

Each sub-program and city imposes specific limits; however, several requirements are consistent across all programs: first-time or returning buyers who meet local guidelines.

• Applicants are required to purchase an owner-occupied property with one to four units in an eligible area, such as Detroit, Westland, Wayne County, or a Rehabbed & Ready home. Household income must fall below the published city or county income limits. In most cases, assets must not exceed specified thresholds; for example, some programs limit liquid assets to $10,000.
• Completion of homebuyer education and counseling through National Faith is required. Specific requirements vary by DPA program; however, most require borrowers to contribute a minimum of $ 1,000.
• The primary mortgage must permit secondary financing, such as through FHA loans or certain conventional loans. The housing ratio should range from 30% to 35%, and the debt-to-income (DTI) ratio must not exceed 43%.
• Properties must comply with HUD Housing Quality Standards and local building codes, as verified by a certified inspector.
• For the Rehabbed & Ready program in Detroit, the property must meet program qualifications, and the buyer must have resided in Detroit for at least 12 months.
• The amount of assistance and the loan forgiveness period vary by program. For instance, Rehabbed & Ready provides up to $50,000, whereas a typical county DPA offers $14,999, forgiven after five years.

Geographic Focus

• The primary service areas include Detroit, Wayne County (encompassing Detroit, Westland, Lincoln Park, Livonia, and additional municipalities), and Atlanta, Georgia.

The National Faith website provides information regarding partnerships with local agencies, including Wayne County, Westland, Rehabbed & Ready, the Detroit Land Bank Authority, and Rocket Community Fund. Additional details are available through links to American Home Lending.

On the National Faith website, from whom can I get a down payment assistance form?

National Faith offers down payment assistance but does not serve as a lender. The organization collaborates with lenders that permit secondary financing, including Fannie Mae, Freddie Mac, HomeFree, and Rocket Community Fund.

• Permits a secondary mortgage DPA non-profit as a second lien, and
• Complies with the DPA city or county program requirements

It is a compatible lender.

Contact National Faith to determine which lenders participate in the relevant city or county.

• Consult wholesale account executives to verify whether DPA is permitted as secondary financing for National Faith Homebuyers and to clarify applicable conditions.

For assistance in developing a script with talking points and checklist language for loan officers and processors regarding this program, provide the relevant state or county and the primary wholesale investors.

[Tom Miller]

Federal Reserve Chairman Jerome Powell has recently issued stark warnings about the United States’ fiscal trajectory, often using terms that highlight the unsustainable nature of the current national debt. He has stated that the federal government is on an “unsustainable fiscal path,” with the national debt growing faster than the economy.

This trajectory, he warns, could eventually lead to a “fiscal crisis” or “debt spiral” where the government is forced to make drastic and painful cuts to spending or raise taxes significantly, potentially triggering a severe recession.

The core of his argument is that the high and rising debt level will increasingly constrain the government’s ability to respond to future crises and will place a growing burden on the federal budget due to rising interest payments.

The political reaction to these warnings is sharply divided along party lines, with significant nuances within each party.

President Donald Trump and Republicans:

Republicans, particularly those aligned with the “Make America Great Again” (MAGA) movement, have a complex and often contradictory view on this issue.

Trump’s Stance:

Donald Trump has historically been dismissive of debt and deficit concerns, especially during his own presidency when he oversaw significant increases in the national debt, partly due to large tax cuts in 2017. His primary argument is that economic growth, which he believes he can uniquely generate, will solve the debt problem by “growing out of it.” Trump has often referred to himself as the “king of debt,” suggesting he understands how to manage it.

Trump and his allies are likely to frame Powell’s warnings not as a legitimate concern about fiscal responsibility, but as a politically motivated attempt by a “deep state” or “globalist” figure to undermine his economic agenda or to pressure Republicans into accepting spending cuts or tax increases that they oppose.

They would argue that the focus should be on cutting wasteful spending, particularly on foreign aid and what they deem “woke” domestic programs, rather than on the overall debt level itself.

Mainstream Republican View:

• The broader Republican Party has traditionally positioned itself as the party of fiscal conservatism.
• They often use the national debt as a powerful political tool to criticize Democratic spending proposals, particularly those related to social safety nets, climate initiatives, and infrastructure.
• Their standard prescription for addressing the debt involves:

Slashing Government Spending:

• Advocating for significant cuts to discretionary programs and reforms to entitlement programs like Social Security and Medicare, though the latter is often a politically risky “third rail.”

Opposing Tax Increases:

• Holding a firm line against any tax hikes, arguing that they stifle economic growth.

Deregulation:

• Promoting the idea that cutting regulations will unleash economic activity, thereby increasing tax revenues without raising tax rates.

In summary, when faced with Powell’s warnings, Republicans are likely to deflect blame onto Democratic spending while simultaneously resisting any of the painful solutions (like tax hikes or major entitlement reform) that economists agree are necessary to truly fix the problem. They will likely champion growth as the primary solution, a view that many economists find insufficient to address the magnitude of the debt challenge.