| JUST THE FACTS 5-31-2015 |
|
Obama just recently, in his advisement to Congress proposed a TAX HIKE of 320 BILLION to the American Taxpayor. Currently the American Taxpayors pay about 400 Billion in Income Taxes a year. The amount due annually is $600 Billion based on the 800 Billion Budget prior to 2014. That's a 30% shortfall annually as of 2008.
Another $320 Billion will increase the American Taxpayor TAX RATE to about 45% annually, if you are at 25% annual right now. Your annual TAX RATE will increase 20% for FEDERAL INCOME TAX due and payable annually from 2015 forward.
The main issue is that this INCREASE doesn't even begin to cover all the Bills (TAX BILLS) passed by Congress between 2009-2015.
In addition it is expected that the STATES will follow with their own similar TAX RATE INCREASE
|
Whats the Bottom Line?
Obama has TRIPLED, the TAXPAYER Debt Annually from January 2009 to June 2015.
The Annual Budget Tapayer Tax Debt already had 33% shortfall annually prior to 2009.
The current Obama Administration has increased the BUDGET (debt to the taxpayor annually by $300 Billion in 2014 with an increased Budget of 1.1 Trillion)and then overspent that increase AN ADDITIONAL $495 Billion in 2014. Not to mention the preceeding years of 2009-2013.
Based on the 2014 Budget Increase and Government Overspending the American Taxpayor TAX RATE Rate of 25% from 2004-2014 is now 75% Annual in 2015. By 2018 it is forcasted by the US Government Offices that account for the budget and shorfalls, that your annual Tax Rate will be 100%.
A tax hike is not the answer. Something else has to be done.
|
|
|
Obama said in his State of The Union address January 2015 Unemployment was down and decreasing an New Jobs are at high levels.
The reality is that the America is Gaining Jobs, new jobs, but America is also Loosing Jobs, EXISITING JOBS at the same rate or higher rate monthly.
So, are we are replacing existing $20 to $50 Dollar an Hour Jobs with new jobs for $7.50 to $10.00 per hour? It appears so. Welcome to the new decocratic "change".
More Obama math.
The Unemployment Index Obama uses, is for Unemployment Insurance Benefits paid out, known as U-3 that is currently 5.4%.
This number does not reflect the total number of people OUT OF WORK. The UNDER EMPLOYMENT Index, that is known as the U-6 is currently at 10.8%. In addition, you must add in the U1, U2, U4, U5, shown below, Totaling 28.3%.
United States Department Of Labor
Source: Bureau Of Labor Statistics
May 31, 2015
|
| Not seasonally adjusted |
Seasonally adjusted |
|
Apr.
2014 |
Mar.
2015 |
Apr.
2015 |
Apr.
2014 |
Dec.
2014 |
Jan.
2015 |
Feb.
2015 |
Mar.
2015 |
Apr.
2015 |
|
U-1 Persons unemployed 15 weeks or longer, as a percent of the civilian labor force
|
3.3 |
2.6 |
2.4 |
3.2 |
2.6 |
2.7 |
2.6 |
2.4 |
2.3 |
|
U-2 Job losers and persons who completed temporary jobs, as a percent of the civilian labor force
|
3.2 |
2.9 |
2.5 |
3.3 |
2.8 |
2.7 |
2.7 |
2.7 |
2.6 |
|
U-3 Total unemployed, as a percent of the civilian labor force (official unemployment rate)
|
5.9 |
5.6 |
5.1 |
6.2 |
5.6 |
5.7 |
5.5 |
5.5 |
5.4 |
|
U-4 Total unemployed plus discouraged workers, as a percent of the civilian labor force plus discouraged workers
|
6.3 |
6.0 |
5.5 |
6.7 |
6.0 |
6.1 |
6.0 |
5.9 |
5.9 |
|
U-5 Total unemployed, plus discouraged workers, plus all other persons marginally attached to the labor force, as a percent of the civilian labor force plus all persons marginally attached to the labor force +
|
7.2 |
6.8 |
6.4 |
7.5 |
6.9 |
7.0 |
6.8 |
6.7 |
6.7 |
|
U-6 Total unemployed, plus all persons marginally attached to the labor force, plus total employed part time for economic reasons, as a percent of the civilian labor force plus all persons marginally attached to the labor force
|
11.8 |
11.0 |
10.4 |
12.3 |
11.2 |
11.3 |
11.0 |
10.9 |
10.8 |
Obama Math: Unemployment Benefits is 5.4% and declining.
Real Math: UnderEmployment: Out of Work, is 28.3%, Accumulating.
U6 + 10.8%, U5 + 6.7%, U4 + 5.9, U2 + 2.6%, U1 + 2.3%
Obama in his State of the Union Message January 2015, Quote
Obama " I know some people are still really hurting out there"
|
|
|
| Term |
Home Loan |
Rates 6/1/2015 |
| 30/30 Year |
3.98 % |
Conventional |
| 30/30 Year |
4.01 % |
Jumbo |
| Commercial |
Loan |
Rates 6/1/2015 |
| 30/7 Year |
5.725 % |
1st & 2nd -9M |
| 30/5 Year |
5.075 % |
60%& 30% |
| All Files are |
Subject to |
Qualifing |
| Combo 1 & 2 |
Bank and SBA |
Up to 90% LTV |
|
FANNIE MAE - MULTI FAMILY - 6/1/2015
UNDERWRITING GUIDELINES - OUTLINE
|
Term
|
5 to 30 years.
|
|
Amortization
|
Up to 30 years.
|
|
Maximum LTV
|
80% for conventional properties. Please see the applicable Term Sheet for the maximum LTV for other asset classes.
|
|
Minimum DSCR (Investment Properties Only)
|
1.25x for conventional properties. Please see the applicable Term Sheet for the minimum DSCR for other asset classes.
|
|
Recourse
|
Non-recourse execution is available for most loans greater than $750,000, with standard carve-outs required for "bad acts" such as fraud and bankruptcy.
|
|
Escrows
|
Replacement Reserve, and tax, and insurance escrows are typically required.
|
|
Third-Party Reports
|
Standard third-party reports, including Appraisal, Phase I Environmental Assessment, and a Property Condition Assessment, are required.
|
|
Accrual
|
30/360 and Actual/360.
|
|
Rate Lock
|
30- to 180-day commitments. An early rate lock feature is available, allowing the borrower to lock a rate after preliminary underwriting.
|
|
Assumption
|
Loans are typically assumable, subject to review and approval of the new borrower’s financial capacity and experience.
|
|
Prepayment Availability
|
Loans may be voluntarily prepaid upon payment of yield maintenance or graduated prepayment depending on the prepayment option selected.
|
|
Supplemental Financing
|
Supplemental Loans are available.
|
|
Property Considerations
|
Properties must have stabilized occupancy (usually 90 days or more)
|
|
| Courtesy of the Federal National Mortgage Association. |
|
