Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages
  1. Results 1 to 30 of 31
  2. Page 1 of 2
  3. 1
  4. 2
  6. Last

Thread: Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

post 1681118673 04-19-2023, 11:53 AM
-
#1
  1. AriesTH
  2. Certified User
  1. AriesTH
  2. Certified User
  3. Join Date: Apr 2013
  4. Location: Vancouver, B.C, Canada
  5. Posts: 2,115
  6. Rep Power: 30930

Biden to hike payments for good-credit homebuyers to subsidize high-risk mortgages

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

I'm sure it's some kind of clickbait title because there's no way that actually makes sense? lmao

From the first few paragraphs of the article:

"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."

discuss
ASOT Crew
BLM Crew (Bang Local MILFs)
post 1681118783 04-19-2023, 11:55 AM
-
#2
  1. BalognaNbeans
  2. Registered User
  1. BalognaNbeans
  2. Registered User
  3. Join Date: Mar 2018
  4. Age: 56
  5. Posts: 35,319
  6. Rep Power: 312457
Biden's America
post 1681118803 04-19-2023, 11:55 AM
-
#3
  1. Getter_done
  1. Getter_done
  3. Join Date: Dec 2008
  4. Posts: 138,168
  5. Subscribers: 6
  6. Rep Power: 1140615
Location: Vancouver, B.C, Canada
post 1681118893 04-19-2023, 11:56 AM
-
#4
  1. kcadrenalin
  2. Permanent Vacation
  1. kcadrenalin
  2. Permanent Vacation
  3. Join Date: Jun 2007
  4. Posts: 24,727
  5. Rep Power: 349124
It's like we learned nothing from the last sub-prime lending fiasco.
________

MFC

________
Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1681118943 04-19-2023, 11:57 AM
-
#5
  1. Postmort3m
  2. Chairman of the bored
  1. Postmort3m
  2. Chairman of the bored
  3. Join Date: Apr 2012
  4. Location: United States
  5. Posts: 32,467
  6. Rep Power: 539821
Just when you think clown world has peaked, another car pulls up and 20 big-shoed, red-nosed f*ckers jump out
post 1681119113 04-19-2023, 12:00 PM
-
#6
  1. leafs43
  2. Registered User
  1. leafs43
  2. Registered User
  3. Join Date: Apr 2007
  4. Age: 45
  5. Posts: 45,367
  6. Rep Power: 153657
Probably in line with the "whitey can pay extra" logic coming out of the left wing these days
post 1681119193 04-19-2023, 12:01 PM
-
#7
  1. Babayagawick85
  1. Babayagawick85
  3. Join Date: Mar 2020
  4. Posts: 22,332
  5. Subscribers: 1
  6. Rep Power: 54026
Originally Posted By Postmort3m⏩
Just when you think clown world has peaked, another car pulls up and 20 big-shoed, red-nosed f*ckers jump out
Lold

Seriously starting to think this is intentional
post 1681119283 04-19-2023, 12:03 PM
-
#8
  1. hendrixfreak70
  2. My eyes are up here.
  1. hendrixfreak70
  2. My eyes are up here.
  3. Join Date: Feb 2016
  4. Location: United States
  5. Posts: 29,343
  6. Subscribers: 16
  7. Rep Power: 747920
The new fees will apply only to Americans buying houses or refinancing after May 1.
Glad they clarified that. I would legit sell my house before I pay the government any more "fees." Also, just LOL at liberals.
post 1681119833 04-19-2023, 12:09 PM
-
#9
  1. AriesTH
  2. Certified User
  1. AriesTH
  2. Certified User
  3. Join Date: Apr 2013
  4. Location: Vancouver, B.C, Canada
  5. Posts: 2,115
  6. Rep Power: 30930
Originally Posted By Getter_done⏩
Location: Vancouver, B.C, Canada
lol'd

I mean, BC news regularly tells us about how residents should be careful about bears going into their back yard to open their garbage cans, or has segments for cooking new recipes

Can you blame me for wanting to pay attention to more "news worth" news?
ASOT Crew
BLM Crew (Bang Local MILFs)
post 1681119893 04-19-2023, 12:10 PM
-
#10
  1. kcadrenalin
  2. Permanent Vacation
  1. kcadrenalin
  2. Permanent Vacation
  3. Join Date: Jun 2007
  4. Posts: 24,727
  5. Rep Power: 349124
Work extra jobs
Save
Sacrifice
Make fiscally wise decisions
Basically do everything right

Ok, I think I have everything lined up to buy a house and get a good interest rate.

Government: Sorry pal, we are going to have to penalize you to help lazy people get themselves a house. They deserve it.
________

MFC

________
Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote. -Benjamin Franklin
Tits and Beer
post 1681119963 04-19-2023, 12:11 PM
-
#11
  1. sgregor249
  2. Registered User
  1. sgregor249
  2. Registered User
  3. Join Date: Mar 2010
  4. Posts: 4,094
  5. Rep Power: 9054
I'm guessing this only effects FHA loans and not conventional too. The article doesn't say.
post 1681120073 04-19-2023, 12:12 PM
-
#12
  1. Godfrd824
  1. Godfrd824
  3. Join Date: Oct 2008
  4. Location: DevilMayRage's Head, Rent Free
  5. Posts: 57,254
  6. Subscribers: 2
  7. Rep Power: 383238
Just pass the costs onto your tenants.
When it comes your time to die, be not like those whose hearts are filled with the fear of death, so that when their time comes they weep and pray for a little more time to live their lives over again in a different way. Sing your death song and die like a hero going home.
post 1681120113 04-19-2023, 12:13 PM
-
#13
  1. AriesTH
  2. Certified User
  1. AriesTH
  2. Certified User
  3. Join Date: Apr 2013
  4. Location: Vancouver, B.C, Canada
  5. Posts: 2,115
  6. Rep Power: 30930
Originally Posted By sgregor249⏩
I'm guessing this only effects FHA loans and not conventional too. The article doesn't say.
I'm not American so don't really know the details - aren't FHA loans essentially where you only put down 5%? The article did say somewhere in it something about penalizing people who put down 10, 15, or 20%.
ASOT Crew
BLM Crew (Bang Local MILFs)
post 1681120253 04-19-2023, 12:17 PM
-
#14
  1. N0stradamus
  2. The Blackpill Prophet
  1. N0stradamus
  2. The Blackpill Prophet
  3. Join Date: Oct 2020
  4. Posts: 24,839
  5. Rep Power: 96971
This is already happening in California. I have a high credit score and high salary, therefore I have to pay more for health insurance to subsidize the cost of migrants and Pooky & RayRay in the hood.


Southern California Edison and SoCal Gas are also proposing rate hikes for high-income households to subsidize Blacks and Latinos.


This sh/t is ridiculous....
Everything I post is satire.
Tricknology Grand Master.
post 1681120473 04-19-2023, 12:20 PM
-
#15
  1. frankdtank20
  2. Registered User
  1. frankdtank20
  2. Registered User
  3. Join Date: Nov 2020
  4. Posts: 27,464
  5. Rep Power: 171374
I know California recently introduced a program where they'll pay up to 20% of a house's value. When you sell the house, they get their percentage of the value of the house. The state and multiple cities are facing such huge financial problems in the near future that they're now going into trying to make a profit off real estate investing. Of course the state is not going to be paying any of the property taxes on the properties they're investing in.
Yeah Buddyyy! Light weight! Light weight baby!!!!
post 1681120483 04-19-2023, 12:20 PM
-
#16
  1. Vhagar
  2. Forever Santa
  1. Vhagar
  2. Forever Santa
  3. Join Date: Dec 2012
  4. Posts: 34,158
  5. Rep Power: 456085
Originally Posted By Postmort3m⏩
Just when you think clown world has peaked, another car pulls up and 20 big-shoed, red-nosed f*ckers jump out
Fuking Ded
post 1681120653 04-19-2023, 12:22 PM
-
#17
  1. WoofieNugget
  1. WoofieNugget
  3. Join Date: Jun 2010
  4. Age: 51
  5. Posts: 24,095
  6. Rep Power: 109576
That can't be reality, although the sad thing is nowadays it wouldn't surprise me.
post 1681120783 04-19-2023, 12:24 PM
-
#18
  1. GaryRidgway
  1. GaryRidgway
  3. Join Date: Apr 2013
  4. Posts: 46,758
  5. Subscribers: 11
  6. Rep Power: 332924
Originally Posted By Getter_done⏩
Location: Vancouver, B.C, Canada
post 1681120863 04-19-2023, 12:25 PM
-
#19
  1. AriesTH
  2. Certified User
  1. AriesTH
  2. Certified User
  3. Join Date: Apr 2013
  4. Location: Vancouver, B.C, Canada
  5. Posts: 2,115
  6. Rep Power: 30930
Originally Posted By GaryRidgway⏩
i didnt vote for him i swear lol

@woofie: I'm sure it will happen up here in Canada before too long
ASOT Crew
BLM Crew (Bang Local MILFs)
post 1681120933 04-19-2023, 12:26 PM
-
#20
  1. Tradercel
  2. Registered User
  1. Tradercel
  2. Registered User
  3. Join Date: Aug 2020
  4. Age: 56
  5. Posts: 367
  6. Rep Power: 4430
Wait... so people with good credit will be paying MORE in interest than ****-tier credit people? Can't be right. Makes 0 sense.

Are they seriously making good credit people pay for the mistakes of poor credit people?

Here's a simple answer... how about the people with **** credit don't get to buy a house, or the bank gives THEM higher interest rates for being ****heads.

I thought this is what interest rate hikes were for? Are they now saying that poor people with crap credit can't handle interest rate hikes and now we need to start helping the banks pay for delinquencies/defaults?
post 1681120953 04-19-2023, 12:27 PM
-
#21
  1. BigGuyTruth
  2. Registered User
  1. BigGuyTruth
  2. Registered User
  3. Join Date: Mar 2023
  4. Age: 56
  5. Posts: 3,860
  6. Rep Power: 18732
It seems like there is less and less incentive to working hard and being successful.
post 1681122053 04-19-2023, 12:44 PM
-
#22
  1. Scarrdbutsmartr
  2. Registered User
  1. Scarrdbutsmartr
  2. Registered User
  3. Join Date: Mar 2009
  4. Posts: 20,492
  5. Rep Power: 93529
Living through this administration is wild.

This is what happens when you pack your administration with diversity and potentially not qualified candidate.

Im almost here:

post 1681122173 04-19-2023, 12:45 PM
-
#23
  1. OliverHeldens
  1. OliverHeldens
  3. Join Date: Oct 2014
  4. Age: 33
  5. Posts: 43,013
  6. Subscribers: 1
  7. Rep Power: 131082
Originally Posted By kcadrenalin⏩
It's like we learned nothing from the last sub-prime lending fiasco.
Lol, this is bull****. But you are clueless about this stuff.
post 1681124923 04-19-2023, 01:21 PM
-
#24
  1. EliteBrah
  2. Registered User
  1. EliteBrah
  2. Registered User
  3. Join Date: Mar 2012
  4. Age: 38
  5. Posts: 2,328
  6. Rep Power: 14703
Biden will win reelection
if you do the math, its nearly impossible for democrats to win a national election without the black vote

58% of white people voted for Trump in 2020 vs 42% for biden. despite that massive 16% disparity Trump still lost the election

why?

because 87% of black people voted for biden. Biden will continue to buy black votes to win re-election. They need this vote in the mid to high 80s to win. if for example only 75-80% of blacks vote for dems, the republicans win the election + house + senate

Policies like these.. low credit score low downpayment homebuyers.. targeted squarely at the black community
post 1681125193 04-19-2023, 01:26 PM
-
#25
  1. Jms89
  2. Oh, i like that
  1. Jms89
  2. Oh, i like that
  3. Join Date: May 2012
  4. Location: United States
  5. Age: 37
  6. Posts: 13,070
  7. Rep Power: 42129
hope to god this communist and his sloot are not re-elected.
This fool's running a Honda 2000
O|||||||O Misc Jeep Crew O|||||||O
30 Year Old Boomer Crew
Just lol at officels *Tradie Crew*
Grumpy Old Married Guy Crew
post 1681125823 04-19-2023, 01:40 PM
-
#26
  1. gmenfan40
  1. gmenfan40
  3. Join Date: Mar 2007
  4. Location: Fuck Israel
  5. Posts: 37,504
  6. Subscribers: 5
  7. Rep Power: 156662
So they're incentivizing to have sh!tty credit and blow off bills? I'll stop paying my bills tomorrow. (Ded fkn Srs)
post 1681126073 04-19-2023, 01:43 PM
-
#27
  1. Babayagawick85
  1. Babayagawick85
  3. Join Date: Mar 2020
  4. Posts: 22,332
  5. Subscribers: 1
  6. Rep Power: 54026
Originally Posted By BigGuyTruth⏩
It seems like there is less and less incentive to working hard and being successful.
The death of the west


This is intentional dead srs
post 1681126143 04-19-2023, 01:44 PM
-
#28
  1. RollTideBrah
  2. Banned
  1. RollTideBrah
  2. Banned
  3. Join Date: Jul 2022
  4. Posts: 2,903
  5. Rep Power: 0
fuk jews for bringing blacks over to work on their plantations
post 1681126583 04-19-2023, 01:51 PM
-
#29
  1. Babayagawick85
  1. Babayagawick85
  3. Join Date: Mar 2020
  4. Posts: 22,332
  5. Subscribers: 1
  6. Rep Power: 54026
Originally Posted By RollTideBrah⏩
fuk jews for bringing blacks over to work on their plantations
Lol wtf
post 1681126663 04-19-2023, 01:53 PM
-
#30
  1. RollTideBrah
  2. Banned
  1. RollTideBrah
  2. Banned
  3. Join Date: Jul 2022
  4. Posts: 2,903
  5. Rep Power: 0
Originally Posted By Babayagawick85⏩
Lol wtf
stay prepared stay alert and NEVER RELAX around jews and blax

  1. Page 1 of 2
  2. 1
  3. 2
  5. Last
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts