Mission Statement: This blog reviews the news of the day in light of 242 years of American history. "Nationalism," a modern day pejorative, has been our country's politic throughout history, until 2008. Obama changed that narrative. Trump is seeking a return to our historical roots. Midknight Review supports this return to normality.
Trump freezes one of Barack's favorite anti working class weapons:
Trump freezes one of Barack's favorite anti-working class weapons: Today a one year freeze on regulations was signed into effect.
One Of President Trump’s First Acts Will Cost Homeowners Millions Of Dollars
With what may have been his first presidential order, Donald Trump made it more expensive for working- and middle-class Americans to buy their first homes. The move will increase costs for 750,000 to 850,000 Americans in the next year alone, according to the National Association of Realtors.
The Obama administration had said last week that the Federal Housing Administration would drop the cost of mortgage insurance it sells by almost a third to 0.60 percent. But after Trump took office, the Department of Housing and Urban Development, which oversees the FHA, told lenders the fee cut was off. The reversal of the reduction will mean that homebuyers who borrow $200,000 under the program will see their mortgage insurance fees go up by $500 a year relative to what the Obama administration had ordered, according to figures released by the FHA when the cut was announced.
The Obama policy is not current policy so the so-called "cost increase" is only a function of fake math. The Obama fee cuts never went into effect. This is only about Barack trying to make Trump look bad, or Obama would have done this two years ago. Besides, My current refinanced mortgage is 3.25% and under Obama's current policy, we cannot get a lower rate. More fake news and lies.
One Of President Trump’s First Acts Will Cost Homeowners Millions Of Dollars
ReplyDeleteWith what may have been his first presidential order, Donald Trump made it more expensive for working- and middle-class Americans to buy their first homes. The move will increase costs for 750,000 to 850,000 Americans in the next year alone, according to the National Association of Realtors.
The Obama administration had said last week that the Federal Housing Administration would drop the cost of mortgage insurance it sells by almost a third to 0.60 percent. But after Trump took office, the Department of Housing and Urban Development, which oversees the FHA, told lenders the fee cut was off. The reversal of the reduction will mean that homebuyers who borrow $200,000 under the program will see their mortgage insurance fees go up by $500 a year relative to what the Obama administration had ordered, according to figures released by the FHA when the cut was announced.
The Obama policy is not current policy so the so-called "cost increase" is only a function of fake math. The Obama fee cuts never went into effect. This is only about Barack trying to make Trump look bad, or Obama would have done this two years ago. Besides, My current refinanced mortgage is 3.25% and under Obama's current policy, we cannot get a lower rate. More fake news and lies.
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