God bless the democrats.

Now if you have over a 680 credit score, you’ll be paying a fee to help out those with worse credit afford a home.

And where does the Biden Administration think that they derive the authority to do such a thing? The presidency is the executive branch and their job is to execute the will of congress. They don't get to make rules and laws. A mandatory fee is a tax and only Congress has the authority to tax.

well we need to remind that to the EPA, IRS, ATF, etc and now the FHFA


We have to clean house on the goverment agency oversight and regulatory abilities

What I’m seeing is over a 720 credit and you pay a 1% fee, under 620 and you get a 1.75% reduction. I believe this may only be for FHA backed mortgages, but can’t say for certain.

thats still stupid

Pedo Joe and his ilk are just pounding another nail into America's coffin.

I saw the publication from Fannie May and figured it’s for FHA backed mortgages which typically have the lowest down payment requirements anyway

Seems like we’ve had the experiment of unqualified homeowners taking loans before…..anyone want to bet what will happen if this is allowed? My guess is the same thing.

Stupid indeed…as is everything the dumb A democrats touch. Beijing Biden has ruined this country and it will take generations to recover (if ever) from his “line my own pockets” approach.

Where are our local village idiot liberals to defend things like this?

They absolutely think it’s a good thing. Anything for inclusion and diversity.

Once again, cash is king.

SCOTUS is about to do just that via the bump stock case.

I foresee lawsuits to counteract this. Lord, i hope I see lawsuits to counteract this.

The Biden administration seems to be working from a book titled "How to Ruin a Country."

There’s maybe like one or two left who post on here?

Honestly if this passes, I see them finding a way to add another tax to people who’s houses are paid off, you know, to help the undeserving

Yep that sucks!

It is a weird twist to the Robin Hood approach of taking from the rich to give to the poor, except this is "Steal from the Good and give to the Bad"

I posted that same info in Off Topic on the 20th and it was moved to the Bunker So folks keep the political Rhetoric down with words like "impeach Joe, them Dems or "Biden policies" so it does not get moved also!

https://texashuntingforum.com/forum/ubbthreads.php/topics/8837160/1

Mortgage Rates for Good Credit Borrowers to Subsidize Poor Credit Borrowers

Tucker Carlson covered this last night. It's like we are in bizarro world.

Right up until we get digital currency.

I read this often and wonder…aren’t we already there? I move money around from account to account online, can pay at restaurants, for rides pay friends, give birthday money digitally, pay my taxes digitally, my pay is no longer a paycheck but is put into my accounts digitally, most of my investments are really only seen online and our currency isn’t backed by anything anymore. It seems to me we are already there…disclaimer I am not a finance guy just a regular working man so I am genuinely asking.

As far as the original post that is yet another slap in the face to those who have worked hard and managed their money well…it seems to be the trend!

Went to a little league game the other day. Couldn’t get anything from concessions without Apple Pay or Venmo.

As long as there are drug dealers and politicians we will always have cash

That sounds like they might of experienced some money disappearing.

Would like to see a breakdown if a person with good credit would save money in the long run by purposely lowering their credit. Either way it’s stupid.

Yep