President Biden

Gotta Go

Well-Known Member
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Box Ox

Well-Known Member

“A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers.

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.”
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"we're talking about real money. This could be $100 a month more, depending on the size of your loan.”
 

Thebrownblob

Well-Known Member

“A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers.

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.”
___________

"we're talking about real money. This could be $100 a month more, depending on the size of your loan.”

Shameful
 

vantexan

Well-Known Member

“A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers.

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.”
___________

"we're talking about real money. This could be $100 a month more, depending on the size of your loan.”
So we're back to giving mortgages to the unqualified like what crashed the economy in 2008. What could go wrong?
 

UnionStrong

Sorry, but I don’t care anymore.

“A new rule from the Biden administration will have good-credit home buyers paying more monthly to subsidize costs for high-risk buyers.
Democrats are communists, plain and simple. Change my mind.
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.”
___________

"we're talking about real money. This could be $100 a month more, depending on the size of your loan.”
 
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