Tag: Savings

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

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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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Medicare Savings Should Be Used for Improving Medicare, Not Funding Obamacare

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Attention, seniors!   Here is a simple proposal: Every dime of potential budgetary savings in the Medicare program should first be plowed back into the Medicare program to help ensure its solvency or secondarily be earmarked for debt reduction. Under no circumstances should Medicare be milked as a cash cow for other government programs, whether bulking up Obamacare subsidies, funding “climate change” initiatives, promoting taxpayer funding of abortion, or whatever narrow ideological obsession happens to be captivating congressional “progressives” at the moment. Now get this. In their frenzied attempts to…

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