Mortgage Daily

Published On: October 7, 2016

Could one senator’s transformation to Trump supporter from adversary of the billionaire be a signal that the Republican lawmaker from the Lone Star State has his eye on a cabinet post that impacts home lending?

Last month, Sen. Ted Cruz (R-Texas)  endorsed Trump for chief executive of the United States. Cruz worked the phones Thursday for Trump, though the LA Times said he never explicitly said  to vote for Trump.

The decision to throw his support behind the GOP nominee was made after Trump referred to Cruz as “Lying Ted;” offended his wife, Heidi Cruz; and suggested Cruz’s father was associated with Lee Harvey Oswald.

Among several possible factors motivating Cruz is a deal to hold a cabinet post.

If the United States experiences a Brexit surprise and Donald J. Trump joins the ranks of POTUS, Cruz could oversee a sector of the administration.

Cruz sits on the Senate Committee on Commerce, Science and Transportation. He also is a member of the Committee on Armed Services, the Joint Economic Committee and the Committee on Rules and Administration.

He’s additionally a member of the Judiciary Committee — which could land him at the top of the Department of Justice as U.S. attorney general.

Cruz has argued multiple cases before the U.S. Supreme Court.

If the Justice Department were to change hands from sitting Attorney General Loretta Lynch to Cruz, the government’s aggressive strategy invoking the False Claims Act and extracting massive settlements from FHA mortgagees could lose steam.

Also, an attorney general Cruz might take a softer stance in the Justice Department’s prosecution of disparate impact cases.

Lynch has promised to “continue to vigorously enforce the Fair Housing Act with every tool at its disposal — including challenges based on unfair and unacceptable discriminatory effects.”

FREE CALCULATORS TO HELP YOU SUCCEED
Tools for Your Next Big Decision.

Amortization Calculator

Affordability Calculator

Mortgage Calculator

Refinance Calculator

FHA Mortgage Calculator

VA Mortgage Calculator

Real Estate Calculator

Tags

Pre-Approval Resources!

Making well educated decions in a matter of minutes and stay up to date on the latest news Mortgage Daily has to offer. Read our latest articles to stay up to date on what’s going on…

Resource Center

Since 1998, Mortgage Daily has helped millions of people such as yourself navigate the complicated hurdles of the mortgage industry. See our popular topics below, search our website. With over 300,000 articles, we are guaranteed to have something for you.

Your mortgages approval starts here.

Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here. Add 1-2 sentence here.

Stay Up To Date with Today’s Latest Rates

ï„‘

Mortgage

Today’s rates starting at

4.63%

5/1 ARM
$200,000 LOAN

ï„‘

Home Refinance

Today’s rates starting at

4.75%

30 YEAR FIXED
$200,000 LOAN

ï„‘

Home Equity

Today’s rates starting at

3.99%

3 YEAR
$200,000 LOAN

ï„‘

HELOC

Today’s rates starting at

2.24%

30 YEAR FIXED
$200,000 LOAN