guarantee fees: THE WHITE HOUSE BUDGET OFFICE ESTIMATES COST TO TAXPAYERS AT JUST 28 BILLION
- 04/25/12 03:41 AM
“The White House Budget Office Estimates Cost to Taxpayers at JUST 28 BILLION” The arrogance of the Budget Office to say that the cost to taxpayers is only 28 billion dollars. I guess they think that is pretty good, after we have already spent 151 billion, so what’s another 28 billion, right? According to the budget office, by the end of 2011, Freddie Mac will have 39.5 BILLION in reserves and Fannie 76.9 BILLION in reserves. So in spite of these mindboggling reserves, we are suppose too kick in another 28 billion. Do you see something wrong with this picture. Fannie … (6 comments)
I don’t care what side of the isle you are on, or an Independent and if you are in business, the proposal is good news. It is a beginning to taking away the mountain pile of regulations that are in the way of all of us doing more business. The proposal may be the beginning of the end for Dodd-Frank, as we know it.
I started reading through the proposal, but based on the administration’s proposed budget, that was loaded with billions of more red ink, this is a welcome change from … (5 comments)
guarantee fees: WHERE WAS THE INDUSTRY OUTCRY BEFORE NOW?
- 02/01/12 12:41 AM
“Where Was the Industry Outcry Before Now?” The Mortgage Bankers Association, National Association of Home Builders and National Association of Realtors wants the legislature not to consider any additional g-fee increase going forward. Where were they before this bill got passed?
How sad, that these organizations are not proactive to get on these issues, before it becomes law and the consumer ends up paying more. It ultimately cost every Realtor, Builder and Mortgage Broker business. These are our professional organizations, that we pay to represent us and in turn, the consumer, but I must say, not very well. Industry Warns … (5 comments)
guarantee fees: FUTURE MORTGAGE CLIENTS TO FOOT PAYROLL TAX MINI EXTENSION
- 01/17/12 12:56 AM
“Future Mortgage Clients to Foot Payroll Tax Mini Extension” For years to come, when someone is refinancing or purchasing a home, they will foot the bill for the extended payroll tax extension. The crazy part about all this, it has only been extended for two months. How is this going to be paid for, when it is extended for 10 or 12 months more? Where does the money come from?
Photo credit image:stuart miles/freedigitalphotos.net Reading between the lines: Who's paying for the payroll tax cut extension?
By G. Steven Bray ...if you're buying or refinancing a … (4 comments)
“The White House Budget Office Estimates Cost to Taxpayers at JUST 28 BILLION”
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