SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    Joe Biden on the campaign trail: "If you like your health care plan, ..." // biden is out !
Page 1 ... 520 521 522 523 524 525 526 ... 712
Go
New
Find
Notify
Tools
Reply
  
Joe Biden on the campaign trail: "If you like your health care plan, ..." // biden is out ! Login/Join 
Member
posted Hide Post
https://www.washingtontimes.co...edit-homebuyers-sub/

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

More at link


_________________________
"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13252 | Registered: January 17, 2011Reply With QuoteReport This Post
Tinker Sailor Soldier Pie
Picture of Balzé Halzé
posted Hide Post
Any idea how the fee will be listed on the paperwork? Will one be able to see it explicitly?


~Alan

Acta Non Verba
NRA Life Member (Patron)
God, Family, Guns, Country

Men will fight and die to protect women... because women protect everything else. ~Andrew Klavan

 
Posts: 31018 | Location: Elv. 7,000 feet, Utah | Registered: October 29, 2012Reply With QuoteReport This Post
No, not like
Bill Clinton
Picture of BigSwede
posted Hide Post
I guess these assholes don't remember what happened the last time people with shitty credit were given home loans



 
Posts: 5626 | Location: GA | Registered: September 23, 2009Reply With QuoteReport This Post
Frangas non Flectes
Picture of P220 Smudge
posted Hide Post
Can someone post the article, please? I didn’t even visit the Washington Times, but it’s behind a paywall because I’ve “reached my limit of free articles.”


______________________________________________
Carthago delenda est
 
Posts: 17761 | Location: Sonoran Desert | Registered: February 10, 2011Reply With QuoteReport This Post
Unflappable Enginerd
Picture of stoic-one
posted Hide Post
All done via regulation... Not a single vote in the house or senate required.
Assholes. Mad


__________________________________

NRA Benefactor
I lost all my weapons in a boating, umm, accident.
http://www.aufamily.com/forums/
 
Posts: 6376 | Location: Headland, AL | Registered: April 19, 2006Reply With QuoteReport This Post
Bookers Bourbon
and a good cigar
Picture of Johnny 3eagles
posted Hide Post
This forked up administration can't do one thing right. Where the hell is the comet?



BIDEN SUCKS.

If you're goin' through hell, keep on going.
Don't slow down. If you're scared don't show it.
You might get out before the devil even knows you're there.


NRA ENDOWMENT LIFE MEMBER
 
Posts: 7323 | Location: Arkansas  | Registered: November 06, 2010Reply With QuoteReport This Post
Unflappable Enginerd
Picture of stoic-one
posted Hide Post
Washington Times Article:


quote:
Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

The new fees will apply only to Americans buying houses or refinancing after May 1.

Lenders and real estate agents say the changes will frustrate homebuyers with high credit scores and homeowners seeking to refinance because the rule punishes them for their relatively strong financial positions.

“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well,” Ian Wright, a senior loan officer at Bay Equity Home Loans in the San Francisco Bay Area, told The Washington Times in an email message. “It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”

He said the rule will “cause customer-service issues for lenders and individual loan officers when a consumer won’t understand why their interest rate and fees suddenly changed.”

“I am all for the first-time buyer having a chance to get into the market, but it’s clear these decisions aren’t being made by folks that understand the entire mortgage process,” Mr. Wright said.

The new fees “will create extreme confusion as we enter the traditional spring home purchase season,” said David Stevens, a former head of the Mortgage Bankers Association who served as commissioner of the Federal Housing Administration during the Obama administration.

“This confusing approach won’t work and more importantly couldn’t come at a worse time for an industry struggling to get back on its feet after these past 12 months,” Mr. Stevens wrote in a recent social media post. “To do this at the onset of the spring market is almost offensive to the market, consumers, and lenders.”

The housing market has been hit hard by a series of Federal Reserve interest rate hikes that have driven mortgage rates above 6%, roughly double the level from early 2022. The Fed has raised rates rapidly to bring down inflation, which hit a four-decade high of 9.1% last summer.

“In the wake of a 3-percentage-point increase in mortgage rates, now is not the time to raise fees on homebuyers,” Kenny Parcell, president of the National Association of Realtors, told the Federal Housing Finance Agency earlier this year.

Under the new mortgage financing rules, homebuyers with riskier credit ratings and lower down payments will qualify for better mortgage rates and discounted fees.

Federal Housing Finance Agency Director Sandra Thompson, a Biden appointee, said the fee changes will “increase pricing support for purchase borrowers limited by income or by wealth.” The agency calls the overall fee changes “minimal” and said the moves will ensure market stability.

After a storm of criticism, the agency delayed to Aug. 1 an upfront fee for debt-to-income ratios of 40% or more. The ratio is calculated by dividing the homebuyer’s monthly debt payments by gross income. It’s one of the key measures lenders use to determine whether a mortgage applicant qualifies for a loan.

Ms. Thompson said the postponement will help “to ensure a level playing field for all lenders to have sufficient time to deploy the fee.”

The fee changes are intended to subsidize higher-risk borrowers by imposing “an intentional disruption to traditional risk-based pricing,” Mr. Stevens said.

“Why was this done? The answer is simple, it was to try to narrow the gap in access to credit especially for minority home buyers who often have lower down payments and lower credit scores,” he wrote in a post on LinkedIn. “The gap in homeownership opportunity is real. America is facing a severe shortage of affordable homes for sales combined with excessive demand causing an imbalance. But convoluting pricing and credit is not the way to solve this problem.”

He predicted that the Federal Reserve will soon complete its course of tightening its balance sheet and mortgage rates will fall.

“Demand for homes will begin to rise and the same challenges for first-time homebuyers will return,” he said.

Lenders also are worried about the impact of the debt-to-income fee that takes effect in August because homebuyers might feel as if they are in a game of “bait and switch” on their projected borrowing costs.

“When a lender is quoting a borrower, there’s a lot they don’t know yet, such as what the property taxes and insurance payments are per month,” Mr. Wright said. “Changes happen to the mortgage payment and income during escrow, so this will cause frustration to borrowers and lenders for the sudden rate/fee changes. Most of us loan officers will then say let’s ‘eat’ the cost for the borrower to keep them happy (resulting in losses for the lender and loan officer).”

He said the added uncertainty will cause delays “during an already competitive real estate market lacking inventory.”

“For example, due to the low inventory and fierce competition, many buyers must close their transactions in less than 30 days to get their offer accepted,” Mr. Wright said. “The sudden rate changes will cause lenders to ‘re-disclose,’ adding additional days to the transaction. This puts extreme timeline pressure on the buyer and lenders forced to re-underwrite the file for the changes.”

In a letter to Ms. Thompson in February, Mortgage Bankers Association President Bob Broeksmit said the timing of the fee changes was “especially troubling” and that the debt-to-income ratio fee creates “operational issues and quality control” for lenders.

“A borrower’s income and expenses can change several times throughout the loan application and underwriting process, especially considering evolving assumptions concerning the nature of debt and income, and the growth in self-employment, part-time employment, and ‘gig economy’ employment,” Mr. Broeksmit said.


__________________________________

NRA Benefactor
I lost all my weapons in a boating, umm, accident.
http://www.aufamily.com/forums/
 
Posts: 6376 | Location: Headland, AL | Registered: April 19, 2006Reply With QuoteReport This Post
Member
Picture of powermad
posted Hide Post
quote:
Originally posted by BigSwede:
I guess these assholes don't remember what happened the last time people with shitty credit were given home loans


You mean when people who are not responsible enough to go about it like everyone else can't even manage to pull it off when given a free pass and the housing market crashed?
It'll be different this time I'm sure.

I just about can't even look to see what this fucked up administration is doing anymore.
 
Posts: 1551 | Location: Portland Oregon | Registered: October 01, 2011Reply With QuoteReport This Post
Member
posted Hide Post
The Hunter Biden whistleblower

https://www.washingtonexaminer...-biden-whistleblower

THE HUNTER BIDEN WHISTLEBLOWER. The Justice Department has been investigating President Joe Biden's son Hunter Biden for a long time. The inquiry began in 2018, before the elder Biden even decided to run for president. It is now in its fifth year. Hunter Biden has not been charged with any wrongdoing. The investigation continues.

What has taken so long? We've all heard about the younger Biden making millions from shady business associations in Ukraine, China, and other countries. He didn't pay taxes on much of it and only paid his tax bill when a new friend in Hollywood, Kevin Morris, who also just happens to be a big donor to Joe Biden's campaign, stepped in to pay the back taxes, about $2 million, as well as Hunter Biden's sky-high living expenses. The idea was that Morris's largesse would allow Hunter Biden to say to the Justice Department, "Look, I paid my taxes. I'm clean. Let's move on."

Hunter Biden also retained a new, high-powered legal team, plus an aggressive public relations team, and in January, the New York Times reported that the Justice Department, in the person of the U.S. attorney in Delaware, David Weiss, was moving toward letting Hunter Biden off easy. From the New York Times, on Jan. 11: "Mr. Weiss, people familiar with the investigation say, appears to be focused on a less politically explosive set of possible charges stemming from [Hunter Biden's] failure to meet filing deadlines for his 2016 and 2017 tax returns, and questions about whether he falsely claimed at least $30,000 in deductions for business expenses."

Subscribe today to the Washington Examiner magazine that will keep you up to date with what's going on in Washington. SUBSCRIBE NOW: Just $1.00 an issue!

That's a slap on the wrist! What a deal! If the leak was true — and who knows exactly what path it took into the New York Times — then Hunter Biden was heading toward a very happy ending to his corruption investigation. The inquiry would take years and years and then ... fizzle out.

How exactly might that happen? Now there is a new story that could help explain what has been going on. A whistleblower has emerged from inside the IRS, which has been working with the Justice Department on the Hunter Biden investigation. The whistleblower is a career IRS criminal supervisory special agent who has retained a lawyer and written a letter to Congress claiming the Biden administration is interfering with the investigation into the president's son.

The anonymous special agent retained a lawyer, Mark Lytle, who took the matter to the inspector generals of both the IRS and the Justice Department. Now, Lytle has written to the Republican and Democratic leaders of the House and Senate tax and judiciary committees. According to the letter, the special agent can detail "examples of preferential treatment and politics improperly infecting decisions and protocols that would normally be followed by career law enforcement professionals in similar circumstances if the subject were not politically connected." The special agent can also tell about "clear conflicts of interest" as well as possible false testimony to Congress about the case.

Now the whistleblower wants to tell the story to Congress — but only if he can secure the "appropriate legal protections." "Despite serious risks of retaliation," Lytle wrote, "my client is offering to provide you with information necessary to exercise your constitutional oversight function." In addition, Lytle said, the special agent wants to give information to Congress "in a non-partisan manner," which is why the letter was sent to both Republican and Democratic lawmakers.

It would be an understatement to say Republicans on the Hill gave the whistleblower letter a positive reception. It's a "game changer," Senate Judiciary Committee member Lindsey Graham (R-SC) told Fox News on Thursday. "This is somebody in the IRS at a high level who apparently is willing to come forward to tell Congress that during the investigation of Hunter Biden, there was obstruction, there was a thumb on the scale to the point that they feel they need to let the Congress know if this is true. And I don't know yet, but if this is true, if the Department of Justice yet again puts their thumb on the scale politically, then all hell is going to break out, and there will be hell to pay."

It should be said that Graham can be a big talker, but there is no doubt that if the whistleblower's allegations, whatever they are, are both true and significant, they could make big waves in the Hunter Biden investigation, which House Republicans frequently point out is really a Joe Biden investigation. Realizing the risk, some Democrats are cautiously saying they want to know more about the whistleblower's story.

What else could they say? Three years ago, Democrats went to the barricades to defend an anonymous CIA employee who filed a legally baseless whistleblower complaint against then-President Donald Trump in the Ukraine matter. It was legally baseless because there is no legal process for filing a whistleblower complaint against the president of the United States. There is no inspector general, no supervisor who has the authority to investigate the president.

Nevertheless, House Democrats embraced the whistleblower and his complaint all the way to Trump's first impeachment. They did that because they could; in the House of Representatives, the majority can do what it wants. Now Republicans have the majority in the House, and another whistleblower escapade could be coming into view.


_________________________
"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13252 | Registered: January 17, 2011Reply With QuoteReport This Post
Bookers Bourbon
and a good cigar
Picture of Johnny 3eagles
posted Hide Post
Dead man walking.



BIDEN SUCKS.

If you're goin' through hell, keep on going.
Don't slow down. If you're scared don't show it.
You might get out before the devil even knows you're there.


NRA ENDOWMENT LIFE MEMBER
 
Posts: 7323 | Location: Arkansas  | Registered: November 06, 2010Reply With QuoteReport This Post
7.62mm Crusader
posted Hide Post
wcb6092, can you find some information about former obama/Biden stenographer Mike McCormick? Fox had him on a week back and he's got some skinny on the long time Biden money making deals involving fracking in Ukraine. I am trying to understand how Biden and Obama made big money off this.
 
Posts: 17993 | Location: The Bluegrass State! | Registered: December 23, 2008Reply With QuoteReport This Post
wishing we
were congress
posted Hide Post
https://www.breitbart.com/poli...hunter-laptop-story/

An author of the now-debunked public statement from 51 intelligence officials casting doubt on the bombshell Hunter Biden laptop story revealed this month to Congress that Antony Blinken, then a senior adviser to the Biden campaign, was the impetus for the statement.

Former CIA Acting Director Michael Morell testified to the House Judiciary Committee on April 4 that now-Secretary of State Blinken called him about the laptop story just days after the New York Post published it and that the call “triggered” Morell to draft the statement.

Morell testified in the closed-door interview with the committee that Blinken’s call to Morell was “couched as simply gathering Morrell’s reaction to the Post story” but that “it set in motion the events that led to the issuance of the public statement.”

Blinken, at the time, served as then-candidate Joe Biden’s “closest” foreign policy adviser, according to the New York Times.

Q: But, prior to [Secretary Blinken’s] call, you – you did not have any intent to write this statement?

A: I did not.

Q: Okay. So his call triggered –

A: It did, yes.

Q: – that intent in you?

A: Yes. Absolutely.

Twitter notoriously immediately began blocking users from sharing the story, and Facebook suppressed it as well.

Morell told the Judiciary Committee during his testimony that he also communicated with other Biden campaign officials and that the campaign sought to help coordinate the public dissemination of the statement.

The campaign, for instance, requested the intel officials release the statement through a specific reporter at the Washington Post, according to an email between Morell and another signatory on the statement.

Morell also told the committee his two motives for publishing the statement were to “share our concern with the American people that the Russians were playing on this issue” and to help Biden win the election.

“Based on Morrell’s testimony, it is apparent that the Biden campaign played an active role in the origins of the public statement, which had the effect of helping to suppress the Hunter Biden story,” the chairmen wrote, charging that the statement served to prevent “American citizens from making a fully informed decision during the 2020 presidential election.”
 
Posts: 19759 | Registered: July 21, 2002Reply With QuoteReport This Post
Frangas non Flectes
Picture of P220 Smudge
posted Hide Post
quote:
Originally posted by stoic-one:
Washington Times Article:



quote:
Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

The new fees will apply only to Americans buying houses or refinancing after May 1.


That motherfucker. Mad


______________________________________________
Carthago delenda est
 
Posts: 17761 | Location: Sonoran Desert | Registered: February 10, 2011Reply With QuoteReport This Post
Wait, what?
Picture of gearhounds
posted Hide Post
quote:
Originally posted by P220 Smudge:
quote:
Originally posted by stoic-one:
Washington Times Article:



quote:
Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

The new fees will apply only to Americans buying houses or refinancing after May 1.


That motherfucker. Mad

So does this mean the millions of illegal invaders flooding into the US are included? We keep hearing that they are “Americans” even if they are nothing more than locusts for the most part.




“Remember to get vaccinated or a vaccinated person might get sick from a virus they got vaccinated against because you’re not vaccinated.” - author unknown
 
Posts: 15899 | Location: Martinsburg WV | Registered: April 02, 2011Reply With QuoteReport This Post
Member
posted Hide Post
quote:
Originally posted by David Lee:
wcb6092, can you find some information about former obama/Biden stenographer Mike McCormick? Fox had him on a week back and he's got some skinny on the long time Biden money making deals involving fracking in Ukraine. I am trying to understand how Biden and Obama made big money off this.



Maybe this is what you are looking for:

https://www.foxnews.com/media/...a-malfeasance-office

A former Obama administration staffer is blowing the whistle on the Biden family's business dealings, accusing President Biden of being involved in a "kickback scheme" in connection with his son Hunter's overseas business dealings while he was vice president.

Mike McCormick, a stenographer for the White House for 15 years, told "Fox & Friends First" the FBI has been ignoring his alarms on the matter despite his willingness to testify under oath before the federal grand jury investigating Hunter.

"In February, I went to the FBI and filed one of their tips on their website. If you do that, and you're lying to them, you go to jail. I'm not lying. I'm telling the truth, and I'm not going to jail," McCormick said Thursday. "Joe Biden is a criminal. He was conducting malfeasance in office to enrich his family. Jake Sullivan is a conspirator in that, and there's more... Obama officials involved in it, I believe."

McCormick, who worked with Biden from 2011 to 2017, detailed a key dialogue involving the vice president, aide Jake Sullivan and the press on Air Force Two before a trip to Kyiv, Ukraine, on April 21, 2014.

Sullivan, who is the current national security adviser, outlined in a White House transcript Biden's priorities for his trip to the country, which included U.S. investment in the Ukrainian energy sector days after Hunter joined the board of Burisma, according to the New York Post.

Months later, and well after the trip, Congress allocated $50 million to Ukraine's energy market.

More at link


_________________________
"Sometimes I wonder whether the world is being run by smart people who are putting us on or by imbeciles who really mean it."
Mark Twain
 
Posts: 13252 | Registered: January 17, 2011Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
Da fuq is all this about? Confused

Reporters grill Jean-Pierre for dodging Trump questions: Why did you talk about him before?

What is this? They're suddenly worried about the Hatch Act? Or they just don't want to give Donald Trump any exposure?

Everything surrounding this stupid administration and its stupid press secretary is stupid, and that's just stupid.
 
Posts: 109428 | Registered: January 20, 2000Reply With QuoteReport This Post
Gracie Allen is my
personal savior!
posted Hide Post
Fear that Trump will dominate the news at a time when Trump is doing well and Biden is desperately seeking an opportunity to blow everyone away by announcing that he's running again in '24?
 
Posts: 27306 | Location: Deep in the heart of the brush country, and closing on that #&*%!?! roadrunner. Really. | Registered: February 05, 2008Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
Well, this half-wit woman talking about Trump at her useless press conferences is a mere drop in the ocean of Trump talk on the airwaves and in print.

As I said, these stupid people are stupid.


____________________________________________________

"I am your retribution." - Donald Trump, speech at CPAC, March 4, 2023
 
Posts: 109428 | Registered: January 20, 2000Reply With QuoteReport This Post
Coin Sniper
Picture of Rightwire
posted Hide Post
I can't god damn believe this. I bust my butt for 2 decades. Finally in a position to relocate as a way to improve my standard of living. To do that I made all the right decisions, I didn make any risky moves and I keep my credit rating high in order to get low rates. I've been paying down on this house to set myself up for a healthy down payment to reduce my loan. I set my self up to succeed through a lot of sacrifice.

NOW... because I am NOT a risk, I have to pay a penalty?!?!??!?! All of those idiots that over spent their income, couldn't make payments, got foreclosed or repossesed are getting a break!?!!?

We really are encouraging people to be absolutely stupid and useless.

How the hell did this happen and not have anyone know about it until days before it is in place???


https://www.newsweek.com/biden...ky-borrowers-1795700




Pronoun: His Royal Highness and benevolent Majesty of all he surveys

343 - Never Forget

Its better to be Pavlov's dog than Schrodinger's cat

There are three types of mistakes; Those you learn from, those you suffer from, and those you don't survive.
 
Posts: 38345 | Location: Above the snow line in Michigan | Registered: May 21, 2004Reply With QuoteReport This Post
Peace through
superior firepower
Picture of parabellum
posted Hide Post
How did it happen? Socialists are in power. This is a prime example of socialism, plain and simple.
 
Posts: 109428 | Registered: January 20, 2000Reply With QuoteReport This Post
  Powered by Social Strata Page 1 ... 520 521 522 523 524 525 526 ... 712 
 

SIGforum.com    Main Page  Hop To Forum Categories  The Lounge    Joe Biden on the campaign trail: "If you like your health care plan, ..." // biden is out !

© SIGforum 2024