Posts Tagged "…"

FHA ISSUES TEMPORARY GUIDELINE CHANGES FOR CONDOMINIUM

on Oct 8, 2012 in FHA Information | Comments Off on FHA ISSUES TEMPORARY GUIDELINE CHANGES FOR CONDOMINIUM

Newsweek Magazine (February 16, viagra buy 2009) … Lenders Add Bigger Fannie, Freddie Fee – Thanks to Payroll Tax Cut (January 15, 2012) …item 2.. Dupuy: GOP trying to sell pyrmaid scheme to voters (September 3, 2012) … Image by marsmet526 But the model — the idea of those at the bottom sacrificing their retirement benefits (pensions, Social Security, Medicare, etc.) so that the top tier can pay even less in taxes — is what the Romney/Ryan ticket is peddling. Republican presidential contender Mitt Romney wants to cut taxes for the wealthy. Congressman Paul Ryan, the vice presidential half of the ticket, has proposed a budget that would shrink benefits to give the savings in the form of a tax cut to the highest brackets. . …….***** All images are copyrighted by their respective authors …….. . The increase in the mortgage fee is to pay for the roughly billion package the Senate approved last month to extend a 2 percentage point payroll tax cut for another two months. About 160 million people benefit from that tax . …………………………………………………………………………………………………………………………………………………………………….. . …..item 1)…. eCreditDaily … ecreditdaily.com … Your Resource for Financial Empowerment Lenders Add Bigger Fannie, Freddie Fee – Thanks to Payroll Tax Cut 01.15.2012 by Staff . …………………………………………. img code photo … mortgage-financing ecreditdaily.com/wp-content/uploads/2012/01/mortgage-fina… …………………………………………. . . ecreditdaily.com/2012/01/lenders-add-bigger-fannie-freddi… Lenders are already adding an increase in fees on mortgages backed by Fannie Mae, Freddie Mac and the Federal Housing Administration to new loans – a hike that will pay for the extension of the payroll tax cut. The fee increase of 0.1 of a percentage point is to be added to all loans that Fannie and Freddie buy from April 1 to Oct. 1, 2021. But lenders are already adding the increased fee to loan price structuring since it can take months to close a loan and deliver it to the two mortgage-financing companies taken over by the U.S. government three years ago. The increase in the mortgage fee is to pay for the roughly billion package the Senate approved last month to extend a 2 percentage point payroll tax cut for another two months. About 160 million people benefit from that tax cut. But the mortgage fee increase is good for the life of new mortgages and refinancing – about 90 percent of U.S. mortgages are financed or backed by the government-sponsored companies. Existing mortgages are not affected. “Think of it as a back-door tax increase,” writes Peter G. Miller, a syndicated real estate writer and operator of OurBroker.com. “While the public was watching the payroll debate in Washington, Congress was actually increasing the cost to finance or refinance a home.” The Fannie/Freddie fee would rise about 0.1 percent to an average of 0.3 percentage point. It would amount to about a month more on a 0,000 mortgage ­– that’s 0 a year. Congress has also directed the FHA to increase its annual mortgage insurance premium by .10 percent – from 1.15 percent to 1.25 percent for most borrowers. Homeowners would have the fee increases worked into their mortgage. The mortgage providers would then send that additional revenue to the U.S. Treasury, which already extends an open credit line to Fannie and Freddie to cover quarterly losses. That bailout tab is expected to reach 0 billion this year. . . ………………………………………………………………………………………………………………………………………………………………………. . …..item 2)…. Online Athens … Athens Banner-Herald … onlineathens.com/opinion … OPINION Dupuy: GOP trying to sell pyrmaid scheme to voters By TINA DUPUYpublished Monday, September 3, 2012 onlineathens.com/opinion/2012-09-03/dupuy-gop-trying-sell… A few years ago, I had a friend who didn’t want anyone to know she was going to therapy....

Read More