6/11/2023 0 Comments The moneyhouse![]() ![]() Moneyhouse US is a full service mortgage banking Lender, offering Wholesale, Correspondent and Retaill access to the HECM program resources available through FHA/HUD. We currently operate eight branches in the US territory of Puerto Rico and have initially established offices in Orlando, Florida and Atlanta, Georgia and our business strategy is to continue expanding into the US Market nationwide. Moneyhouse is the largest privately owned mortgage banking company in Puerto Rico with total residential loan closings over $1 billion since 2007. Each highly experienced and professional employee is committed to our growth and success. Moneyhouse US is the continental US extension of The Money House, Inc., a family owned company that traces its roots to a single mortgage bank founded in 1997 in Cavey, Puerto Rico. As our header states, we are not a new lender when it comes to HECM residential mortgage loans in the mortgage banking sector. ![]() If it could be approved in the Senate, the White House said this week that Biden would veto it.Thank you for your interest in the Moneyhouse US Division. House passage sends it to the Senate, where it’s highly unlikely to win approval. Good’s resolution was written under the Congressional Review Act, which lets Congress reject an executive branch policy as long as both the House and Senate pass a resolution disapproving of that policy. That program was expected to cost the government more than $400 billion in lost debt repayment, but the program was put on hold after a court blocked it. "More specifically, it is a professional class, graduate degree-holder bailout."īiden announced last summer that he would cancel up to $10,000 in student loans for people making less than $125,000, and up to $20,000 for students who received Pell Grants. "This is a professional class bailout," she said. She added that the loan repayment pause that was instituted during the COVID pandemic resulted in a de facto $65,000 loan cancelation for the average lawyer. GOP SENATORS PUSH BILL TO BLOCK BIDEN'S 'RECKLESS' STUDENT LOAN BAILOUT, PREVENT TAXPAYERS FROM COVERING COSTS It takes from those in the lower half and gives to the upper half." "Two-thirds of this debt transfer plan would go to the top half of earners. "Student loan cancelation is regressive," she said. Bob Good, R-Va., the sponsor of the resolution.įoxx argued that Biden’s plan only helps the wealthy, going against the Democrats’ progressive values. "In fact, he even admitted that to CNN host Anderson Cooper in February 2021 by saying, ‘I don’t think I have the authority to do it by signing with a pen,’" said Rep. Republicans rejected Democrats’ arguments by saying Biden has no legal authority to wipe away hundreds of billions of dollars in student debt. Virginia Foxx, R-N.C., asked for those politically charged words to be stricken from the record, and they were removed. "Why do you bring that bigoted logic to this issue?" he asked. SUPREME COURT TO HEAR GOP STATE CHALLENGE TO PANDEMIC-RELATED BIDEN STUDENT LOAN DEBT RELIEF PLAN Maxwell Frost of Florida, argued that Republican opposition to Biden’s plan was based on the argument that most Americans don’t need loan repayment aid, and said by that logic, women and Black people would never have been allowed to vote. "The Biden administration’s student debt relief plan is not a bailout, it is a lifeline, and I implore my Republican colleagues in Congress to speak with borrowers in their own districts about this very issue."Īnother Democrat, Rep. ![]() "Why for the love of God do Republicans want to continue to punch down on America’s students and divide our country?" he asked. Watch a non-stop stream of breaking news, live events and stories across the nation. Where to watch LiveNOW from FOX: Follow us on Twitter: Raw and unfiltered. In arguments lasting more than three hours Tuesday, Chief Justice John Roberts led his conservative colleagues in questioning the administration’s authority to broadly cancel federal student loans because of the COVID-19 emergency. Supreme Court hears student loan forgiveness case | LiveNOW from FOXĬonservative justices holding the Supreme Court’s majority seem ready to sink President Joe Biden’s plan to wipe away or reduce student loans held by millions of Americans. ![]()
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