How Biden’s Plan to Penalize Responsible Homebuyers Could Ravage Retirement Savings by $31,000

The Federal Housing Finance Authority just announced it will hike the loan-level pricing adjustment  fee on homebuyers  with high credit scores and redistribute those funds to borrowers with low credit scores. That’s not an insignificant change. Under the new loan-level pricing adjustment matrix, a borrower with a 740 FICO score and a down payment of just under 20% will pay a 1% loan-level pricing adjustment fee. That’s quadruple the prior risk assessment of 0.25%. At the same time, the loan-level pricing adjustment fee for many borrowers with bad credit will…

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MoveOn Endorses Biden-Harris to “Finish the Job”

WASHINGTON – As reported in Politico’s Playbook today, in response to the president announcing his plans to seek reelection, MoveOn members decisively and enthusiastically voted to endorse President Joe Biden for his 2024 campaign. In the organization’s 25-year history, it is the earliest MoveOn members have ever endorsed in a presidential contest.  Said MoveOn Political Action Executive Director Rahna Epting, “President Biden and Vice President Harris have done what millions of MoveOn members sent them to Washington to do: protect our rights and freedoms and blunt right-wing extremism. This moment…

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CBP puts forced labor statistics online for everyone to see

Among the uglier mass human-rights violations going on in the world today, is forced labor imposed on the Uyghur minority by China. Congress, in the Uyghur Forced Labor Prevention Act, gave U.S. Customs and Border Protection (CBP) the job of gathering and publicizing where this forced labor exists in the worldwide industrial supply chains. To find out where the agency is in addressing the issue, Federal Drive host Tom Temin spoke with Eric Choy, the Executive Director for Trade Remedy Law Enforcement in CBP’s Office of Trade. Interview transcript: Tom…

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Joe Biden Isn’t Popular. That Might Not Matter in 2024.

By almost any historic yardstick, President Joe Biden is beginning the reelection campaign he formally announced today in a vulnerable position. His job-approval rating has consistently come in at 45 percent or less; in several recent high-quality national polls, it has dipped closer to 40 percent. In surveys, three-fourths or more of Americans routinely express dissatisfaction with the economy. And a majority of adults have repeatedly said that they do not want him to seek a second term; that figure rose to 70 percent (including just more than half of…

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Climate Change Extremists Detained After Attack on Degas Statue at National Gallery of Art

The FBI is investigating the climate change alarmists with the group Declare Emergency who defaced the protective box around Edgar Degas’ “Little Dancer Aged Fourteen” statue at the National Gallery of Art in Washington, D.C., on Thursday morning.   “The Federal Bureau of Investigation is assisting in the investigation, which is still active,” said Kaywin Feldman, director of the National Gallery of Art. Museum security guards detained the two Declare Emergency protesters.   The extremists covered their hands in red and black tempura paint to mimic oil and blood, painted the box,…

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