Mortgage fees will go UP for good credit and higher down payments. FJB…

[Snake-Eyes]

So, effective May 1, 2023, if you have good credit and want to put more money down on a mortgage, you will pay MORE fees than a person with ”risky” credit and a low down payment.

More ”equity” bullshit wealth redistribution from the Puppet-in-Chief.

Here’s just one article about it. Yeah, it’s the Washington Slimes, and it might tell you that your limit of “free articles” is up... Just google another article.

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

Homebuyers with good credit scores will soon encounter a costly surprise: a new federal rule forcing them to pay higher mortgage rates and fees to subsidize people with riskier credit ratings who are also in the market to buy houses.

www.washingtontimes.com

When will this Nation wake up and STAND UP against this constant barrage of EVIL?

 

[capt.joe]

He took a page from obamacare. Stealing from the backbone of America has to stop!

 

[capt.joe]

Next will be the people that drive gasoline powered cars will subsidize those who charge their electric cars with a new tax.

 

[ccc]

Yep, work all your life for a good credit score and you will now be punished and forced to pay POS’s that won’t do the same for themselves !

 

[capt.joe]

And they didnt learn their lesson in 07 about giving loans to risky borrowers?

 

[Rebel_Rider1969]

This makes no sense. Oops. It's the government, never mind.

 

[FLT]

The term no good deed goes unpunished, comes to mind with increasing frequency these days.

 

[RHINOWSO]

Glad I'm locked in at 2.25% and don't plan on ever moving / refi'ing ever again.

But yeah, this is 100% Biden$hit.

 

[rossi]

So, was this another Pen Stroke after a Dementia Daze, or was it a legitimate, but screwed up, passage of law?

 

[capt.joe]

I think its another alphabet agency making new laws on their own.

 

[ccc]

So, was this another Pen Stroke after a Dementia Daze, or was it a legitimate, but screwed up, passage of law?

It’s buying votes plain and simple

 

[IronBeard]

And they didnt learn their lesson in 07 about giving loans to risky borrowers?

They knew the feds would bail 'em out, and/or allow them to write off "losses" 'cause the same people that control that kind of money also control the feds.

 

[fl57caveman]

And they didnt learn their lesson in 07 about giving loans to risky borrowers?

nothing has changed, if you can hold a pen and sign and breathe on a mirror, you too can own a house too big for your budget....

like another said, buying votes...

 

[stage20]

Next will be the people that drive gasoline powered cars will subsidize those who charge their electric cars with a new tax.

It will be a gas guzzler tax or some type of energy penalty that will force us distribute the wealth to pay for others.

Just another form of welfare, imo.

 

[IronBeard]

Ya know, years back, hobos/bums were looked down upon by society, and often run outta town. Wonder what happened?

 

[RHINOWSO]

Ya know, years back, hobos/bums were looked down upon by society, and often run outta town. Wonder what happened?

The Leftists got them to the voting booth.

 

[RHINOWSO]

Same reason Leftists want criminals / felons to vote.

 

[IronBeard]

The Leftists got them to the voting booth.

Yeah, but that doesn't necessarily mean society as a whole has to accept and idolize bums...

 

[FLT]

Well, about half the country idolize the one that’s in the White House .

 

[ccc]

What happens when the takers outweigh the makers ?????????