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Started By
Message
re: Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages
Posted on 4/19/23 at 9:57 pm to biglego
Posted on 4/19/23 at 9:57 pm to biglego
quote:
Why was this done? The answer is simple, it was to try to narrow the gap in access to credit especially for minority home buyers who often have lower down payments and lower credit scores,”
They fricking earned that credit score. They weren’t assigned it.
ETA: it’s like an old teacher told me once, “I didn’t give you your grade, you earned your C”
This post was edited on 4/19/23 at 10:02 pm
3
Posted on 4/19/23 at 9:58 pm to painman1
That’s so all you whiteys can help bring more “less represented” home buyers to the neighborhoods
Posted on 4/19/23 at 9:58 pm to Cosmo
quote:
That doesnt seem legal
Biden says…
Posted on 4/19/23 at 10:00 pm to painman1
That website is terrible.
But is the plan that the larger the down payment, the higher the interest? Closing costs? Mortgage insurance? What exactly is it?
But is the plan that the larger the down payment, the higher the interest? Closing costs? Mortgage insurance? What exactly is it?
Posted on 4/19/23 at 10:02 pm to LSUFanHouston
Not surprised of true. Basically buying votes. But that website is terrible
Posted on 4/19/23 at 10:04 pm to LSUFanHouston
quote:
the higher the interest? Closing costs? Mortgage insurance? What exactly is it?
Less money, shittier credit, bad business decisions= better mortgage rates
Posted on 4/19/23 at 10:08 pm to Centinel
quote:
want to see even one motherfricker try to defend this.
It’s a bad policy, but there needs to be some context in this thread too. It is still, without a doubt, more expensive to have bad credit and buy a home than it is to have good credit under these policies, but the gap was closed, hence the subsidized label.
Loan to value is on the x axis, credit score is on the y axis.
ETA- Positive numbers mean the rate got better in that subset, negative numbers mean the rate got worse.
This post was edited on 4/19/23 at 10:27 pm
Posted on 4/19/23 at 10:16 pm to slackster
quote:
some context
It’s fricking horseshite
Posted on 4/19/23 at 10:19 pm to Aguga
quote:
It’s fricking horseshite
I don’t disagree.
Most people will have to pay more to subsidize rates for shittier borrowers. That’s dumb, buts it’s still better to have good credit and a low DTI. That’s all I’m pointing out.
Posted on 4/19/23 at 10:19 pm to painman1
Commie Joe is such a low life scumbag mother fricking cock fricking sucker. frick that mother fricker.
Posted on 4/19/23 at 10:19 pm to painman1
What the frick?!?!? So punish people for doing everything right?
Posted on 4/19/23 at 10:21 pm to painman1
quote:
Biden
Posted on 4/19/23 at 10:21 pm to slackster
Where I fall in that chart, it looks like the bank should pay me, since I should have negative interest.
Posted on 4/19/23 at 10:23 pm to Emteein
quote:
They fricking earned that credit score. They weren’t assigned it.
Democrats are openly saying people were assigned their credit scores. Because racism, presumably.
Posted on 4/19/23 at 10:23 pm to Oilfieldbiology
quote:
So punish people for doing everything right?
It’s plain as day: the govt wishes to crush the middle class.
Posted on 4/19/23 at 10:24 pm to painman1
What a crock of crap.
Posted on 4/19/23 at 10:25 pm to Steadyhands
quote:
Where I fall in that chart, it looks like the bank should pay me, since I should have negative interest.
That chart shows the changes. It’s not the best format, but it’s better than posting the old and new matrix separately.
Positive numbers mean the rate got better in that subset, negative numbers mean the rate got worse.
ETA- here are the raw numbers…
This post was edited on 4/19/23 at 10:31 pm
Posted on 4/19/23 at 10:32 pm to painman1
Hell replace credit score with social score like the chins
Posted on 4/19/23 at 10:36 pm to Centinel
quote:
I want to see even one motherfricker try to defend this.
His voters on here will ignore this thread or somehow not see it
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