This is why we could benefit from a value added tax. Think of the tax dollars we are missing just from these two sources. This is just more socialism at work and buying of votes.

I just don’t understand that thought process. Now I’m all for people being able to own a home and I know for a lot of people that’s not easily obtainable. But why should the rate go up for better credit. That’s exactly the opposite of how it ever should be. That will basically say fair credit is better than great credit. And if that’s the case maybe I’ll need to tank mine to save me money later. So stupid.

Mass purposeful defaults will raise inflation exponentially, right?

Why would any individual purposely default? That's even dumber (and much costlier) than the initial penalty.

Difference is this - when you move your money digitally today, it goes from bank to bank. With the full digital currency, it would be like when you buy on eBay, the money goes to eBay, eBay makes sure the seller is doing what they’re supposed to (and if not can keep that money), takes their fees and often checks for tax needs etc., then hands the money off to the seller. Now replace eBay with the government, that’s what the digital currency will be doing. Instead of them having visibility to transactions, they’ll literally have their hands in every sale

That’s downright un American Hud. They still take greenbacks at the Snook Little League concession stand.

What could possibly go wrong?!

lol, you really except an answer. They are still arguing about NY felony charges as non political. Lol

The reason for that is to prevent sticky fingers. A buddy of mine who was a state trooper saw it happen back when our boys were playing. He mention it to me and we started taking a closer look at the way things were being run. Unsafe helmets, old bats, and catchers gear were the first things we noticed which were suppose to be replenished from the concessions profit. We ran for President and VP and won. We then went and looked at the books for concession purchases, figured the profit margin and was shocked at how much money was put in pockets. He then had a meeting with some of the guilty ones and gave them the chance to repay or go to court. Got a lot of it back but not all. First thing we did was to install camera's and after that all things worked out. Funny thing about it was they were fake camera's that were not hooked up but it worked. We ran it for two years and then got out of it when our boys were out of the league. During those two years the kids of all levels had the proper stuff to play with and the parents noticed.

So I just asked a buddy that is still in the business. This is a fact and will be a loan level price adjustment that the mortgage professionals will contend with when pricing a loan. The cost is there is a higher rate but not a fee. Example - A high credit large down payment borrower will now be quoted a rate approximately 0.25% higher on a larger loan. A bad credit individual will not be penalized as bad (which they should be). Basically going back to the days of buracrats making rules instead of actuaries. Next thing the alphabet people and or anyone owed repatations will get loan perks. Shameful chit

Does it apply to only home mortgages or all real estate loans?

Gov't backed loans and conventional?

Papa45 come out come out wherever you are? We don’t care if you’re wearing drag with tigger. we want your 2 cents in this one.

How else are the libs going to settle in over 5 million and growing law violators (voters)?

Guess I'm going to start late paying my mortgage a credit card so I can save money on my next home loan. Anyone have a clue what it would take to trim 200 points off my score?

The target deomgraphic for the Democratic party now openly includes the financially irresponsible. The Democratic politicians that never had a prayer of becoming rich and powerful have really found the key to becoming rich and powerful; get enough groups of freaks and loosers in one voting block to fall for the con, vote for them and it's private jets and $20.00 per pint ice cream for life.

Just home mortgages FHA and Conventional

Redistribution of wealth and an attempt to buy votes.

Biden and all his supporters need to be taken out. Replaced with Trump and his supporters and maybe fix the damage senile joe has done. FJB.

Thank you, Sir.

I hardly seem to see any these days.

How about cut spending. Stop stealing more money. Turn off the faucet.

That's exactly what's happening.

Uh, where have you been the last 2 years?

He has been busy promoting Pitt bulls as pets.