It looks like homeowners may be on the hook to cover the
Unemployment Extension Tax of 2014.
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 it 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 (guarantee 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?