25 Apr 2023 5:37 pm
That SOB will attempt to buy votes anywhere.....from bailing out union pension funds to forgiving student loans and now this naked display of ignorance.ROG62 » 25 Apr 2023, 5:00 pm » wrote: ↑ A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers.
Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.
"The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well," Ian Wright, a senior loan officer at Bay Equity Home Loans, told the Times. "It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing."
https://news.yahoo.com/biden-rule-redistribute-high-risk-211102885.html?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAK-ZZp-bLS9BxXO6xH8o7TUfvRB5BFZJz_K3yrOjtXHJC4OvQv3DOZWfXqynyrRAR2WvQnuEPw--Kuq6AEgwcRmxmz_3oUneJ6y4HrHnv5Zi3rhs00DqMZ61ggrxxc8GcyOn-4As2slew59tifoheuddxaAJNPCJftzrHzEA_5ID
WTF is wrong with these commie bastards? GOOD GRIEF!!!