How the US is subsidizing high-risk homebuyers
— at the cost of those with good credit
Posted By: AltaD, 4/17/2023 8:32:57 AM
A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The Post has learned. Fannie Mae and Freddie Mac will enact changes to fees known as loan-level price adjustments (LLPAs) on May 1 that will affect mortgages originating at private banks nationwide (SNIP) “This was a blatant and significant cut of fees for their highest-risk borrowers and a clear increase in much better credit quality buyers – which just clarified to the world that this move was a pretty significant cross-subsidy pricing change,”
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A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The Post has learned.
Fannie Mae and Freddie Mac will enact changes to fees known as loan-level price adjustments (LLPAs) on May 1 that will affect mortgages originating at private banks nationwide (SNIP) “This was a blatant and significant cut of fees for their highest-risk borrowers and a clear increase in much better credit quality buyers – which just clarified to the world that this move was a pretty significant cross-subsidy pricing change,”
“Chicago Tonight” host Brandis Friedman sat down with Mayor-elect Brandon Johnson for a wide-ranging interview on everything from why he chose to raise his family in Austin to how he’ll choose the next police superintendent. (Snip) Johnson: There’s no secret that the West Side of Chicago has yet to recover in totality from one of the more dramatic moments in our city’s history. And when Rev. Martin Luther King Jr. came to the West Side of Chicago and he expressed all that, which was certainly tumultuous, but he also expressed, what was possible, there’s great history here, right? So Chairman Fred Hampton, one of the great educators and organizers.
Protesters are demanding that transgender women be removed from New Jersey’s only all-female prison — where 24 transgender women, including one who says she has a “taste for blood,” are held out of a total of 356 prisoners.
#GetMenOut activists held a protest at the state Capitol in Trenton on Friday, reading letters from four biologically female inmates at the Edna Mahan Correctional Facility, where one transgender inmate impregnated two women last year. (Snip) Harmeet K. Dhillon, CEO of the conservative Center for American Liberty, has estimated there are 900 biological males housed in women’s prisons around the country.
Nashville flower shop refuses service
to Republican event, blames GOP for Christian
school shooting 27 replies
to Republican event, blames GOP for Christian
school shooting 27 replies
A flower shop near Nashville refused to provide decorations for a GOP event featuring former President Donald Trump, and urged other businesses to deny future services to the Republican Party in a call for stricter gun laws.
Owners of the FLWR Shop in Belle Meade, Tennessee, said they "immediately declined" service for the upcoming Republican National Committee (RNC) fundraiser and encouraged "others in the Nashville event industry to say no to taking money or jobs from the Republican Party until they begin to make the changes to gun laws that most Americans are calling for." (Snip) the speakers featured at the RNC event go "beyond our comfort level."
US Special Forces in Ukraine at embassy,
official confirms, as Pentagon document
leak probe heats up 11 replies
official confirms, as Pentagon document
leak probe heats up 11 replies
White House National Security Council spokesman John Kirby has revealed to Fox News on Wednesday that there is a "small U.S. military presence" at the American embassy in Ukraine.
Kirby was asked about leaked Pentagon documents suggesting there are U.S. Special Forces operating inside the war-torn country.
"I won't talk to the specifics of numbers and that kind of thing. But to get to your exact question, there is a small U.S. military presence at the embassy in conjunction with the Defense Attachés office to help us work on accountability of the material that is going in and out of Ukraine," Kirby said referencing the weapons and
Walmart closing 4 locations in Chicago
27 replies
Chicago: Walmart plans to close four stores in Chicago by mid-April, the company announced Tuesday.
The following stores will close on Sunday, April 16: (Snip) Officials with the department store cited profit margins as the reasoning behind the closing.
“The simplest explanation is that collectively our Chicago stores have not been profitable since we opened the first one nearly 17 years ago – these stores lose tens of millions of dollars a year, and their annual losses nearly doubled in just the last five years. The remaining four Chicago stores continue to face the same business difficulties,
Chicago (WLS) - Brandon Johnson's win came during a tight race with Paul Vallas.
Just over a third of Chicago's registered voters cast their ballots in the runoff.
With early voting, mail-in ballots, drop boxes and extended voting hours, voting as never been easier and more accessible in Chicago, yet, only 35% of city residents voted in Tuesday's runoff election.(Snip)Back in the height of the Harold Washington days, turnout was close to 80%. It was a time when day-of voting was almost the only option.
The chief executive of JP Morgan has suggested that governments should seize private land to build wind and solar farms in order to meet net zero targets. Jamie Dimon, the longstanding boss of the Wall Street titan who donates to the Democratic Party, said green energy projects must be fast-tracked as the window for averting the most costly impacts of global climate change is closing. (Snip) “We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
The Department of Defense announced a massive new military aid package for Ukraine on Tuesday valued at $2.6 billion.
President Joe Biden authorized $500 million worth of ammunition for U.S.-provided HIMARS, air defense interceptors, artillery rounds, anti-armor systems, small arms, heavy equipment transport vehicles, and maintenance support through his authority to take weapons from U.S. stockpiles. (Snip) The remaining $2.1 billion in aid comes via the Ukraine Security Assistance Initiative and will include air defense capabilities, as well as artillery and tank ammunition, mortar systems, rockets, and anti-armor systems.
A “mind-blowing” number of Paralympians are faking the severity of their disabilities to take advantage of the system and win medals, a new investigation revealed.
The former head of the International Paralympic Committee (IPC) has called for a sweeping reform to save the integrity of the Games after many Paralympians have come forward with stories of exploiting the rules, according to a report by the Australian Broadcasting Corporation.(Snip) “Trying to do things with classification to win an advantage is not a thing that the Paralympic movement can tolerate,” he said.
The Virginia teacher shot by a 6-year-old student filed a $40 million lawsuit on Monday, accusing school officials of repeatedly ignoring warnings that the disturbed youngster had a gun.
Abigail Zwerner, 25, filed the suit nearly three months after she was shot while teaching at Richneck Elementary School in Newport News by a first-grader with “a history of random violence,” according to the lawsuit. (Snip) Zwerner filed the suit after school officials refused to settle, claiming that it was effectively a workers’ compensation case.
“That’s what they’ve maintained, up until today, that that is just part of the job” for a first-grade teacher “to be shot by their own student,”
Finland's main conservative party claimed victory in parliamentary elections Sunday in a tight three-way race that saw right-wing populists take second place, leaving Prime Minister Sanna Marin's Social Democratic Party in third, dashing her reelection hopes. The results sparked worries in the EU over far-right The Finns party's infamous anti-EU sentiments. Speaking to Express.co.uk, Dr Helena Ivanov, research fellow at the Henry Jackson Society, pointed out that after the Italian and Swedish election results, the bloc is increasingly moving towards the right in a seeming "domino effect".
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Budweiser has released a new patriotic advertisement as its parent company struggles with controversy over its endorsement partnership with transgender influencer Dylan Mulvaney.
The advertisement, which was released on social media Friday, features one of Budweiser’s famous Clydesdale horses traversing the country from New York City to the Grand Canyon, passing by scenes in the American heartland as a narrator delivers a patriotic message.
“This is a story bigger than beer,” the ad’s narrator says in the ad. “This is the story of the American spirit.”
As the ad plays, the Clydesdale horse passes by some of the most famous American landmarks, showcasing the New York City skyline,
Chicago's mayor-elect said the city should not demonize the teens who organized a 'Teen Takeover' of the Loop over the weekend, even after the event turned violent with cars burnt cars and minors shot.
Brandon Johnson, 47, said Sunday he does not 'condone the destructive activity' and that it's 'unacceptable and has no place' in Chicago, but that it should not be used as a way to vilify the group.
'However, it is not constructive to demonize youth who have otherwise been starved of opportunities in their own communities,' said Johnson, a progressive Democrat.
A Trump–DeSantis Ticket Can Win in 2024
40 replies
The Democratic Party and President Joe Biden are wrecking the country. Their ongoing economic blunders, perverse cultural agenda, and corrupt foreign policy, if unchecked in the near future, will turn the United States into a dystopian nightmare comparable to Venezuela. This can be averted if former President Donald Trump and Florida Gov. Ron DeSantis run together on the 2024 Republican presidential ballot. Neither can win in 2024 without the other, even if the Democratic alternative is an unpopular incumbent whose running mate is a running joke.
Virginia Democrat Sen. Tim Kaine gave the FBI his approval to investigate Catholic parishes in his own state on Monday. (snip)
Kaine said Monday that the FBI has been running similar surveillance of American Muslims.
“We’ve done the same thing for years working in tandem with mosques because there have been groups that have tried to target or radicalize, especially young people,” the senator said.
The state of California is implementing full Marxism before our very eyes under the guise of “equity.” And so now there can be no possible doubt if there ever was for anyone: instituting Communism has been what “equity” initiatives have been about all along. Now three of its most powerful utility companies are saying that they’re going to charge based not on how much of their product was used, but on how much money the user makes.
In simpler times, if you bought something, you paid for it. Rich or poor, tall or short, black or white, female or male, wise or foolish, everyone paid the same amount for a product.
Ex-president Donald Trump has vowed to fire US government employees who fail a proposed civil service test.
The real estate mogul made the pledge in a campaign video released over the weekend that hit out at last year's raid on Mar-a-Lago.
'I will require every federal employee to pass a new civil service test, demonstrating an understanding our constitutional limited government,' he said.The 76-year-old said they would be forced to answer questions on 'due process rights, equal protection, free speech (and) religious liberty.'
In a thinly veiled reference to the removal of documents at his exclusive Florida residence,
Put Some Clothes On Your Daughter!
29 replies
As the seasons change and the weather warms, American adults are yet again being subjected to the uncomfortable spectacle of teenage girls wearing outfits more befitting a runway show than a school, a store, or any other public setting. Every winter I hope the trend loses steam or reverses, but every spring it returns worse (snip)
I wish there were a way I could word this in a less tawdry manner, but I can’t, so I’ll just be blunt: Mom and Dad, we can see the bottom of your teenage daughter’s ass. And we shouldn’t be seeing the bottom of your teenage daughter’s ass.
Jim Hoft previously reported 51 former intelligence officials in October 2020 signed and published a letter that baselessly decried the contents of Hunter’s ‘laptop from hell’ had “all the classic earmarks of a Russian information operation.”
The deep state stooges claimed the laptop looked like Russian disinformation without citing any actual evidence to back up the claim. Rather, the officials based their fallacious statements on their so-called experience.
Reporters led by Natasha Bertrand, who wrote the original Politico article citing the intelligence officials, knew the officials’ claims were completely false yet they chose to gaslight the public anyway.
U.S. climate czar John Kerry claimed in an interview on Sunday that “so much has been invested in clean energy that there can be no rolling back of moves to end carbon emissions,” according to an interview with the Associated Press.
Kerry claimed that if countries phase out petroleum-based fuels, the world can purportedly limit average global warming to 1.7 degrees Celsius (2.7 degrees Fahrenheit).
“We’re in a very different place than where we were a year ago, let alone two and three years ago,” Kerry said.
“But we’re not doing everything we said we’d do,”
Looters targeted a gas station in Compton, California, overnight Sunday and left the store severely damaged.
Thousands of dollars’ worth of items were reportedly stolen during the incident that happened at the Arco gas station near Alondra Boulevard and Central Avenue, according to ABC 7.Video footage shows two individuals apparently trying to break through the glass door by hitting it repeatedly as a crowd gathered around them.At one point, someone began kicking the glass. Once the door was opened, the mob poured inside the building while some at the scene held up their phones to record what was happening: (Video)
A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The Post has learned.
Fannie Mae and Freddie Mac will enact changes to fees known as loan-level price adjustments (LLPAs) on May 1 that will affect mortgages originating at private banks nationwide (SNIP) “This was a blatant and significant cut of fees for their highest-risk borrowers and a clear increase in much better credit quality buyers – which just clarified to the world that this move was a pretty significant cross-subsidy pricing change,”
To emphasise his attempts to smooth over family ructions, the King has included a photograph of Harry and Meghan in the official Buckingham Palace souvenir programme to accompany the Coronation.
The rare, relaxed private family portrait was taken by royal photographer Chris Jackson to mark the monarch's 70th birthday in 2018.
It was shot in the gardens at Clarence House and shows Charles with Prince George on his knee, Camilla cuddling Princess Charlotte and the then-Duchess of Cambridge holding a baby Prince Louis.
Comments:
Saved for a down payment, built up your credit score and your reward is subsidizing those who haven't played by the rules.