Tuesday, January 29, 2008
Did You Know
The following is something that was in the monthly newsletter my credit union sends out. I have yet to hear about this in the MSM. Instead of talking about Brittany Spears 24/7 they need to be letting Americans aware of something like the following:
Quote: "Fannie Mae and Freddie Mac, the two government-sponsored mortgage companies that purchase mortgage loans (from banks and credit unions) announced they would be leveling a surcharge of a whopping 1.25% on consumers who do not have a 680 or better credit score. This surcharge is scheduled to begin March 1, 2008." end Quote
It appears me consumers are going to pay for properties that went into foreclosure. Why should we always be punished for the crimes of others? This is the type of sh*t our Congressmen and Senators should be protecting us from. There is no other way I can look at this, but as once again average citizens are paying from the crimes committed by the CEO's of mortgage companies.