Biden Administration, Cuts Some Mortgage Fees , as Housing Costs Remain High.
Biden Administration, Cuts Some Mortgage Fees , as Housing Costs Remain High.
On February 22, the Biden administration announced
a change that could save homeowners an average
of $800 on home financing costs in 2023.
On February 22, the Biden administration announced
a change that could save homeowners an average
of $800 on home financing costs in 2023.
CNN reports that the change would impact
an estimated 850,000 homeowners, mostly low-
and middle-income, as well as first-time buyers.
The move, which affects mortgage insurance premiums
on loans insured by the Federal Housing Administration,
will reduce annual premiums from 0.85% to 0.55%.
CNN reports that the change comes
as part of an attempt to address the ongoing
housing crisis in the United States.
According to Marcia L.
Fudge, the Secretary of Housing
and Urban Development, the change is expected to
increase access to homeownership for Americans.
According to Marcia L.
Fudge, the Secretary of Housing
and Urban Development, the change is expected to
increase access to homeownership for Americans.
As we reduce housing costs for people
with FHA mortgages, we continue our
work to address longstanding
disparities in homeownership, Marcia L.
Fudge, Secretary of Housing
and Urban Development, via CNN.
CNN reports that the cost of home financing
has skyrocketed in the past year, with mortgage
rates now double what they were in 2022.
.
The high cost has priced out
many would-be homebuyers who
could no longer qualify for a loan.
CNN reports that the action is predicted to have a limited
impact on the housing market, as the higher cost of
monthly payments outpaces the savings.
In addition to this, only 811,362
out of 5.7 million total 2021 loans were
FHA loans, equaling just about 14.3%.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
Biden Administration to Invest $8.5 Billion , in Intel’s Computer Chip Plants.
In addition to $8.5 billion in direct funding, $11 billion will be provided in loans.
The money will come from
the CHIPS and Science Act.
The funds will go toward "computer chip
plants in Arizona, Ohio, New Mexico
and Oregon," CBS News reports. .
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
According to Intel, the new funding and other investments will create a total of 30,000 jobs in manufacturing and construction.
The deal will help the U.S. to produce 20%
of the most advanced computer chips
in the world by 2030, according to
Commerce Secretary Gina Raimondo.
Failure is not an option — leading-edge
chips are the core of our innovation
system, especially when it comes
to advances in artificial intelligence
and our military systems, Commerce Secretary Gina Raimondo, on a call with reporters.
We can't just design chips.
We have to make them in America, Commerce Secretary Gina Raimondo, on a call with reporters.
Biden's funding announcement comes
amid a heated presidential campaign.
Administration officials want to get chip technology funding
"out the door as quickly as possible so that the Biden campaign can point to concrete progress on one of the
White House's signature programs," analysts say.
Intel CEO Pat Gelsinger called the
CHIPS Act "the most critical industrial
policy legislation since World War II.".
We think of this as a defining
moment for the United States, the
semiconductor industry and for Intel, Intel CEO Pat Gelsinger, via statement
Credit: Wibbitz Top Stories Duration: 01:31Published
House Republican leaders have lambasted President Joe Biden for his perceived inaction in enforcing existing measures against Iran. Representative Steve Scalise, the No. 2 House Republican, voiced concerns over the administration's policies allegedly facilitating Iran's oil sales, which fund terrorism. The Biden administration faces mounting pressure to deter future attacks without exacerbating regional tensions or antagonising China, a major buyer of Iranian oil.
#Biden #BidenSanctions #BidenIraq #AlSudani #BidenGaffee #USnews #Politics #IsraelIran #IranAttacksIsrael #Worldnews #Oneindia #Oneindianews
~HT.178~PR.152~ED.103~GR.125~
During a meeting with Iraqi Prime Minister Mohammed Shia’a Al-Sudani, President Biden was seen using a crib sheet with scripted comments, including pauses for translation. This is not uncommon for Biden, who has used similar aids before. Despite concerns about his mental acuity, Biden reiterated U.S. commitment to Israel's security amid tensions following Iran's attack on Israel.
#Biden #BidenCheatSheet #BidenIraq #AlSudani #BidenGaffee #USnews #Politics #IsraelIran #IranAttacksIsrael #Worldnews #Oneindia #Oneindianews
~PR.152~ED.194~GR.125~HT.96~
Recent Polls Show , Joe Biden Holds a Slight Lead , in Upcoming Presidential Election.
'Newsweek' reports that a series of recent polls have
placed current United States President Joe Biden with
a significant lead over his opponent Donald Trump.
'Newsweek' reports that a series of recent polls have
placed current United States President Joe Biden with
a significant lead over his opponent Donald Trump.
Here are some of the recent poll
results in favor of Biden for reelection. .
Florida Atlantic
University/Mainstreet, This poll gave Biden a slight edge with
47% of voters over 45% for Trump.
Florida Atlantic
University/Mainstreet, This poll gave Biden a slight edge with
47% of voters over 45% for Trump.
RMG Research, This poll of 1,679 voters also had Biden
holding a narrow 44% to 43% lead over Trump. .
RMG Research, This poll of 1,679 voters also had Biden
holding a narrow 44% to 43% lead over Trump. .
Ipsos, This poll found that 41%
of registered voters would support
Biden, compared to just 37% for Trump.
Ipsos, This poll found that 41%
of registered voters would support
Biden, compared to just 37% for Trump.
Quinnipiac University, This March 27 poll found that Biden
had a 3% lead with 48% of voter
support, compared to Trump's 45%.
Quinnipiac University, This March 27 poll found that Biden
had a 3% lead with 48% of voter
support, compared to Trump's 45%.
Marquette Law School, This poll resulted in Biden holding
a narrow lead of 45% of voters versus
44% of voters supporting Trump.
Marquette Law School, This poll resulted in Biden holding
a narrow lead of 45% of voters versus
44% of voters supporting Trump.
Marist College, This NPR study of 1,305 people ended
up with Biden gaining 50% of registered
voter support, compared to Trump's 48%. .
Marist College, This NPR study of 1,305 people ended
up with Biden gaining 50% of registered
voter support, compared to Trump's 48%. .
Experts caution that it remains too early to call the election in favor of either candidate, as other polls have former president Trump polling higher than Biden. .
Experts caution that it remains too early to call the election in favor of either candidate, as other polls have former president Trump polling higher than Biden. .
'Newsweek' reports that Heath Brown, an associate
professor of public policy at City University of New York,
points out that the presidential race remains "very close.".
'Newsweek' reports that Heath Brown, an associate
professor of public policy at City University of New York,
points out that the presidential race remains "very close.".
The polling over the last several months
indicate this is a very close race. I wouldn't
read too much into any one or two polls
at this point. The trend seems to be
that the campaign will be a very tight
one and I suspect the polls will
reflect that until November, Heath Brown, an associate professor of public
policy at City University of New York, via 'Newsweek'.
The polling over the last several months
indicate this is a very close race. I wouldn't
read too much into any one or two polls
at this point. The trend seems to be
that the campaign will be a very tight
one and I suspect the polls will
reflect that until November, Heath Brown, an associate professor of public
policy at City University of New York, via 'Newsweek'
Credit: Wibbitz Top Stories Duration: 01:31Published
Prime Minister Narendra Modi reflected on the widely-discussed "classic handshake" between US President Joe Biden and Saudi Crown Prince Bin Salman, where he.. IndiaTimes
World Leaders Ask Israel , Not to Retaliate for Iranian Attack.
On April 13, Iran launched hundreds
of drones and missiles at Israel.
The attack came after two Iranian
generals were killed in "a suspected
Israeli strike in Syria" on April 1, AP reports. .
99% of Iran's drones and missiles were intercepted by Israel, according to a military spokesperson. .
World leaders are cautioning
Israel to show restraint and resist
retaliating against Iran, AP reports. .
Now is the time to be smart
as well as tough, to think
with head as well as heart, David Cameron, British foreign secretary, via statement.
We cannot afford another front
in the Middle East. There would only
be losers, in the region and beyond, Alexander Schallenberg, Austria’s foreign minister, via statement.
German Chancellor Olaf Scholz called Israel's ability to intercept Iran's attack "really impressive" and urged the country to "contribute to de-escalation.".
This is a success that perhaps also
should not be thrown away. Hence
also our advice to contribute to
de-escalation themselves, Olaf Scholz, German chancellor, via statement.
Kenya urges Israel to show utmost restraint
taking into account the urgent need for all
parties to walk away from the brink beyond
which recovery will be enormously difficult. , William Ruto, president of Kenya, via statement.
We have condemned, we have
intervened, we will do everything
to avoid an escalation, an inferno, Emmanuel Macron, president of France, via statement.
Now is the time to defuse
and de-escalate. Now is the
time for maximum restraint, António Guterres, U.N. secretary-general, via statement.
While on a phone call with Israeli Prime Minister
Benjamin Netanyahu, President Joe Biden
also condemned a retaliatory strike, saying,
"You got a win. Take the win," a senior official said. .
While on a phone call with Israeli Prime Minister
Benjamin Netanyahu, President Joe Biden
also condemned a retaliatory strike, saying,
"You got a win. Take the win," a senior official said.
Credit: Wibbitz Top Stories Duration: 01:31Published
The Biden Administration has reportedly DENIED FEMA aid to Ohio after the East Palestine train derailment and ensuing chemical disaster. Biden speaks on recent "UFOs" that were shot..
![Biden Administration to Invest $8.5 Billion in Intel’s Computer Chip Plants [Video]](https://video.newsserve.net/300/v/20240321/1370081630-Biden-Administration-to-Invest-Billion-in.jpg)
![Iran-Israel Conflict: Biden Unlikely To Disrupt Iran's Oil Supply With Sanctions, Here’s Why [Video]](https://video.newsserve.net/300/v/20240416/1372801736-Iran-Israel-Conflict-Biden-Unlikely-To-Disrupt-Iran.jpg)
![Biden Seen Using Cheat Sheet with Written Remarks in Meeting with Iraqi PM, Video Viral| Oneindia [Video]](https://video.newsserve.net/300/v/20240416/1372790794-Biden-Seen-Using-Cheat-Sheet-with-Written-Remarks.jpg)
![Recent Polls Show Joe Biden Holds a Slight Lead in Upcoming Presidential Election [Video]](https://video.newsserve.net/300/v/20240415/1372741730-Recent-Polls-Show-Joe-Biden-Holds-Slight.jpg)
![World Leaders Ask Israel Not to Retaliate for Iranian Attack [Video]](https://video.newsserve.net/300/v/20240415/1372725026-World-Leaders-Ask-Israel-Not-to-Retaliate-for.jpg)
![UNGOVERNED 2.17.22 @10AM:BIDEN DENIES FEMA AID TO OHIO AFTER EAST PALESTINE TRAIN DISASTER! [Video]](https://video.newsserve.net/300/v/20230217/1676646453-UNGOVERNED-17-22-@10AM-BIDEN-DENIES-FEMA.jpg)
