Elizabeth Warren trips on her super hero cape

saveliberty

Diamond Member
Oct 12, 2009
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Elizabeth Warren @SenWarren

.@POTUS suspended a planned cut in FHA mortgage insurance premiums, which @nardotrealtor says will cost 40k families a shot at a new home.

".@POTUS suspended a planned cut in FHA mortgage insurance premiums, which @nardotrealtor says will cost 40k families a shot at a new home." - @SenWarren (Elizabeth Warren)

Business News - Los Angeles Times

For most borrowers getting an FHA-backed loan that means that after paying an upfront insurance fee, you will pay 0.85% of your loan amount for premiums each year. The Obama administration had planned to drop that rate to 0.60%. In 2014, the rate was 1.35%, after several increases to shore up FHA finances after the housing crash.

If the recent cut had gone into effect as expected Jan. 27, the California Assn. of Realtors estimates borrowers in the state using FHA loans would have saved an average of $860 a year.

Note: $860 per year saved? It is a difference of .25% in the rate 860 divided by .0025 is an annual mortgage of $344,000 or $28,666 a month. Somebody has problems with decimals. It amounts to an additional $2.50 per month on a $1,000 mortgage.

40,000 families can't get a home because of less than $7.50 a month?

Warren is definitely Democrat presidential material. :lol:
 
Obama had 8 whole years to cut the rate, why does he hate the Middle Class?

Seriously.

The real truth here is investors will have many higher return investments to choose from soon. Less cash in FHA means less people can buy a home. Probably far more than 40,000. You have to keep it risk friendly.
 
Corporate state power does, the personalities can be swapped out and the trajectory continues unabated.

So Obama is corporate state power? Awesome

They all serve the same master, yes, see if you can wipe the partisanshit outta your eyes..

...and Trump speaks of returning government to the people. If true, that would be a good thing.

You poor thing. He has 5 Goldman Sachs higher ups in the white house already.
 
I bet when the next recession for the bankers come around they will have their hand out to us taxpayers for relief...
 

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