BOHICA - Higher subsidy penalties for those with good credit

[brutal]

Just when I thought this administration couldn't get any worse.

https://mishtalk.com/economics/new-rule-the-better-your-credit-score-the-higher-your-mortgage-rate

https://i.imgur.com/XAzhQ6d.jpg

[hollohas]

I've been reading about this all day. It's absolutely ass backwards. Straight commie stuff.

[ray1970]

Fortunately it?s pretty easy to crash your credit score to get a better rate.

[def90]

I think this only applies to Fannie Mae and Freddie Mac loans.

[BushMasterBoy]

Time for a new prez. Just trying to buy votes. Wasted my time at the VA yesterday trying to get pain relief.

[Eric P]

I think this only applies to Fannie Mae and Freddie Mac loans.



Time kill these 2 entities.

[BPTactical]

Time for a new prez. Just trying to buy votes. Wasted my time at the VA yesterday trying to get pain relief.

It’s not the Prez though..

[brutal]

I don't think it matters where the loan originates (there are a few unique exceptions like FHA, VA, USDA). LLPA has been around for many years, this is just jacking the rates higher to penalize those with good credit by subsidizing those with poor credit in a bigger way. Where it was formerly .25% (factored into your loan), it's now 1% if you have "good/better/best" credit.

https://themortgagereports.com/6866/llpa-loan-level-pricing-adjustment-mortgage-rate

[DFBrews]

Low score buyers still paying more in adjusted rate than higher score buyers

[hollohas]

Low score buyers still paying more in adjusted rate than higher score buyersTrue. But those low scorers got a HUGE LLPA decrease. Highest LLPA was 3.75% for <639 and 5% down. It's now 1.75%.

Also, The LLPA used to increase as your score went down but also as your down payment went down.

Now, people paying around 20% down pay the highest LLPA. As down payment decreases from there, LLPA starts decreasing as well. This new rule encourages low down payments.

So 740 score and 15-20%% down, the fee is 1% (used to be 0.25%)

But if you have a 740 score and pay less than 5% down, the fee is 0.5%.

This rule is JACKED.

[Gman]

Both American Political Parties Have Adopted Lenin’s Strategy for the Destruction of Capitalism (https://www.americanthinker.com/articles/2023/04/both_american_political_parties_have_adopted_lenin s_strategy_for_the_destruction_of_capitalism.html)

[hollohas]

Both American Political Parties Have Adopted Lenin?s Strategy for the Destruction of Capitalism (https://www.americanthinker.com/articles/2023/04/both_american_political_parties_have_adopted_lenin s_strategy_for_the_destruction_of_capitalism.html) This couldn't be more true.


the American voters, who are dumb enough to elect untutored graduates of American universities that are uninformed and poorly read; ?a few have even earned notoriety for inconceivable stupidity. Some of them, aware of self-worthlessness, adopted Marxism and can hardly contain their awe and envy at the American enterprise and question its moral validity. The others are pedestrian opportunists with no intellectual basis and, as such, going along just to get reelected.

[BushMasterBoy]

Welcome to the matrix! I figure it will end in violence.

https://singlefamily.fanniemae.com/media/9391/display

[rondog]

93610

[DFBrews]

Oh for sure it’s stupid