Thursday, September 30, 2010

Fallin voted to raise mortgage insurance premiums for high-risk borrowers

Earlier this year we found out that DC Mary hates the poor.  Turns out this isn’t a new feeling for her, Mary has long voted against helping those living in poverty. 

Fallin voted for an amendment that overhauled the Federal Housing Administration‟s (FHA) mortgage lending practices and required the FHA to base each borrower‟s mortgage insurance premiums on the risk that the borrower poses to the FHA Mortgage Insurance Fund.

Mortgage insurance premiums would be based on borrower‟s credit history, loan-to- value ratio, debt-to-income ratio and on FHA‟s historical experience with similar borrowers.

DC Mary loves to vote lock step with her rich DC friends and continuously turn her back on hard working Oklahomans.

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