Tag: Biden’s

MAGA Judges Shamefully Invalidate Biden’s Student Loan Cancellation, Taking Away Economic Relief for 40 Million Americans

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Washington, D.C. – In response to the Supreme Court’s decision in Biden v. Nebraska, MoveOn Political Action will speak alongside borrowers and allies from the Student Borrower Protection Center (SBPC), Young Invincibles, NAACP, MoveOn, Student Debt Crisis Center, Center for Responsible Lending, We the 45, and more today at noon ET in front of the Supreme Court on the urgent need for immediate and automatic debt relief. Move On Political Action Executive Director Rahna Epting also issued the following statement:  “Today’s decision means tens of millions of borrowers are now…

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Biden’s reelection pitch that he can govern well faces daunting challenges with debt, border, more

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A showdown with Congress that has the nation’s creditworthiness at stake; a frenzied scene at the border as pandemic restrictions ease; a pivotal foreign trip meant to sustain support for Ukraine and contain a more assertive China in the Indo-Pacific. The Washington Times stories: White House

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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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