White House to roll out plan to lower first-time home buyers' mortgage costs

[mystery-ak]

White House to roll out plan to lower first-time home buyers' mortgage costs
Reuters
February 22, 2023, 9:59 AM

(Reuters) - The White House on Wednesday will unveil a plan to reduce mortgage insurance fees charged to first-time home buyers, helping an estimated 850,000 borrowers save about $800 a year on the cost of a typical loan, it said in a statement.

Vice President Kamala Harris will announce the plan to lower fees on Federal Housing Administration (FHA) loans at an event in the Washington suburb of Bowie, Maryland.

The FHA charges the fees to insure lenders against riskier loans often taken out by lower-income home-buyers.

more
https://www.aol.com/finance/white-house-roll-plan-lower-145901456.html

[catfish1957]

White House to roll out plan to lower first-time home buyers' mortgage costs
Reuters
February 22, 2023, 9:59 AM

(Reuters) - The White House on Wednesday will unveil a plan to reduce mortgage insurance fees charged to first-time home buyers, helping an estimated 850,000 borrowers save about $800 a year on the cost of a typical loan, it said in a statement.

Vice President Kamala Harris will announce the plan to lower fees on Federal Housing Administration (FHA) loans at an event in the Washington suburb of Bowie, Maryland.

The FHA charges the fees to insure lenders against riskier loans often taken out by lower-income home-buyers.

more
https://www.aol.com/finance/white-house-roll-plan-lower-145901456.html

Wooooo hoooooo!!!!!!!

Say say
Two-thousand-zero-eight party over
Oops , are we late?
So tonight I'm gonna party like it's 2008!!!!!!

[corbe]

   If we get 4 more years of bidet/comealot due to Trump's shenanigans in the 2024 Primaries~My house is paid off.  I don't have any children, my Family is rich and I'll outlive @Texas Robin (her words). I'll take a reverse mortgage in the weaning years of my life, to insure the Military/Medical Industry Complex gets their share.

[GtHawk]

Dare I say, Whites need not apply?

Why does this seem like Deja vu, a democrat plan to put people unqualified, usually minorities, into homes they can't afford and when they default it's all the other financial institutions members who pay for it?