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STOP TAXATION? - The new changes for FHA loans are being called : The New Homebuyer Tax

 

 
Just last week, Assistant Secretary for Housing and Federal Housing Commissioner David Stevens announced that FHA was changing their annual mortgage insurance plan. - FHA announcement - I wrote about it here : HR Bill 5981 - FHA mortgage insurance.
We now have some groups and people announcing these FHA Loan changes as a tax. Think Big Work Small released their version in this video on Monday. New Homebuyer Tax Starts September 2010 - 08.09.10  - Sounds scary, right?  Because it sounds like the government is taxing us more. But this kind of wording irks me and can make it sound a lot worse than it is, or a lot more expensive. Let me further explain.
 
 
 
I do know where Think Big Work Small is going with their argument in regards to what HUD stated. HUD made this statement in January 2010.

 
 
 
 
 
 
 
 
 
 
 
 
 
 
In regards to HUD's statement above, I think I was one of first to question HUD's statement back in January and then I argued this in more detail in this post.  HUD - Don't insult my intelligence about ... more

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