Senile Biden Screws Hard Working Americans Again

Just another reminder, the Democrats hate you if you are a normal, hard working American.

Senile 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.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing, and they will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments, or LLPAs.

Mortgage industry specialists say homebuyers with credit scores of 680 or higher will pay, for example, about $40 per month more on a home loan of $400,000. Homebuyers who make down payments of 15% to 20% will get socked with the largest fees.

https://www.washingtontimes.com/news...omebuyers-sub/

This is straight insanity. So if you’ve got great credit, you have to now make it WORSE in order to not be penalized. What kind of back asswards world does Senile Biden and the Democrats want!

Come on leftists - try and defend this insanity

This is straight insanity. So if you’ve got great credit, you have to now make it WORSE in order to not be penalized. What kind of back asswards world does Senile Biden and the Democrats want!

Come on leftists - try and defend this insanity

Originally Posted by berryberry

Before you get all revved up with your hate for Biden, you got that off of Fox News, you will need to wait a couple of years to see if that is true or not. Just Saying.

Before you get all revved up with your hate for Biden, you got that off of Fox News, you will need to wait a couple of years to see if that is true or not. Just Saying. Originally Posted by Cody69

It's true - its on a number of news sources

So come on - defend this insanity. Are you ok paying a higher mortgage rate to subsidize some low life's mortgage?

That’s fucking crazy. Do the right thing and pay your bills on time so you can get hosed when it’s time to buy a house. The credit card industry does the same shit. I use an air miles card, just for the free flights, to buy ridiculously expensive parts for work. The day the bill comes I send a check for the full amount, and it actually hurts my credit score. Not that I care or I’d stop doing it, but it’s still stupid.

I have the exact same fireplace screen and tools. Imagine that.

Glad it doesn't impact my mortgage

I have the exact same fireplace screen and tools. Imagine that.

Glad it doesn't impact my mortgage Originally Posted by HDGristle

... Crikey! ... Rather Uncanny!

The telly in me flat is usually tuned-into Fox-News!
Just like the one in the picture.

Glad to hear yer mortgage wasn't impacted there, mate.

#### Salty

Senile Biden's mortgage scheme will cost homeowners on average an extra ~$30k for having a good credit score to subsidize dirtbags.

Punishing responsibility and hardworking Americans — that's the Senile Biden way.

Democrats will still vote for Biden knowing their being screwed.

Do I have this correct. If I want a better mortgage rate, don’t pay my bills, interesting and somehow doesn’t make sense.

Don’t pay your bills and be rewarded!
Does anyone know if the earth reversed rotation. Is Sunday the first day of the week?

Democrats will still vote for Biden knowing their being screwed.

Do I have this correct. If I want a better mortgage rate, don’t pay my bills, interesting and somehow doesn’t make sense.

Don’t pay your bills and be rewarded!
Does anyone know if the earth reversed rotation. Is Sunday the first day of the week? Originally Posted by Chase7

Yep - because Democrats are the dumbest people on earth

And you have it right - don't pay your bills, be a deadbeat and get a better mortgage rate than someone who pays all their bills on time and has good credit. How fucked up is that?

Most people with bad credit vote democrat. This is how they think.

BREAKING: 34 state financial officers from 27 states have signed-on to a letter to the Senile Biden Administration demanding that they end their new mortgage equity program, which forces buyers with good credit to pay higher rates to subsidize loans for riskier borrowers.

Mitch McConnell and McCarthy saying nothing. Their all in it together.

All talk, meetings before congress on other things nothing changes.

Again, to me it’s so outrageous if you pay your bills on time your going to be penalized.
Next thing we may see is drag shows for grade school children.