Taxpayers Paying For Government Failings
Funds are now being taken out of Fannie Mae and Freddie Mac to relieve government spending. A last minute tax cut decision has provided some relief to the government. Private mortgage companies are cautious that this will keep the government involved in the mortgage business.
These funds being taken out will need to be replaced. Premiums for Fannie Mae and Freddie Mac lenders will go up in order to guarantee loan principle and interest. These fees will then be passed on to the borrowers in the form of higher interest rates on their home loans.
Increase taxes to recover from government losses and passing costs of recovery to borrowers, the tax payers will be shelling out their hard earned money. Follow tax news to keep yourself abreast of all the latest news involving your money.
