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J. Scott Harris – MortgageXperts.com

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Congress raiding FNMA coffers to pay for Unemployment Benefits Extension

The problem with a tax like this is where to get the money.  No problem.  We’ll just go to Fannie Mae and Freddie Mac.  You know, those two companies that are totally kicking ass right now making more money than any other government agency (thanks to their conservatorship), that a bunch of congress people want to tear down.  Yeah, that company.

How does Fannie Mae and Freddie Mac pay for the Unemployment Extension Tax?

A G-Fee hike of course.  Thank goodness Mr. Mel Watt has a temporary hold on it right now as he wants to evaluate it.  But, rest assured, it’s probably going to happen.  We just find it strange that the place they go to get the tax satisfied is the very place that they feel should be terminated as soon as possible.

How do you feel about future homeowners paying for the Unemployment Extension Tax?  Let us know down below.



via Homeowners to Cover Unemployment Extension | National Real Estate Post.