Fannie Mae-No Politics (FNMA)

[Donotunderstand]

again

are you for a flat tax ?

our progressive income tax ----- now lower than pre RR by a ton !! --- does not appear to hurt incentive or those who do well . Yet clearly some subsidize others. (note - unless your income puts you in the top say 10% of income earners in the country - you are a receiver of subsidy as such subsidy is paid only by those who pay more than they receive and that is about the top 10% of earners)

so can not agree with the simple political more than economic argument against some subsidy from the top to the working middle (that is exactly what our Income Tax does --- and at a factor likely 100X larger or 1000X larger than this proposed rule)

The new Federal Housing Finance Agency policy will force those with good credit scores to pay more for their mortgages each month, with those extra payments used to subsidize the loans of higher-risk borrowers. Experts say that homebuyers with credit scores of 680 or higher will now pay roughly $40 per month more on a home loan of $400,000, with those who make down payments of 15 to 20% hit with the highest fees. It amounts to a tax increase on the middle class, and it’s atrocious in every way imaginable.

For starters, it is fundamentally unjust and absurd to impose a policy that punishes those who have acted responsibly, sacrificed, and worked hard toward a secure financial future for themselves and their families.