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  1. 04-20-2023, 18:15 #1
    brutal
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    Default BOHICA - Higher subsidy penalties for those with good credit

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

    https://mishtalk.com/economics/new-r...-mortgage-rate

    My Feedback
    Credit TFOGGER : Liberals only want things to be "fair and just" if it benefits them.
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  2. 04-20-2023, 18:52 #2
    hollohas
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    I've been reading about this all day. It's absolutely ass backwards. Straight commie stuff.
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  3. 04-20-2023, 19:03 #3
    ray1970
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    Fortunately it?s pretty easy to crash your credit score to get a better rate.
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  4. 04-20-2023, 19:12 #4
    def90
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    I think this only applies to Fannie Mae and Freddie Mac loans.
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  5. 04-20-2023, 19:24 #5
    BushMasterBoy
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    Time for a new prez. Just trying to buy votes. Wasted my time at the VA yesterday trying to get pain relief.
    Per Ardua ad Astra
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  6. 04-20-2023, 19:53 #6
    Eric P
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    Quote Originally Posted by def90 View Post
    I think this only applies to Fannie Mae and Freddie Mac loans.


    Time kill these 2 entities.
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  7. 04-20-2023, 21:47 #7
    BPTactical
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    Quote Originally Posted by BushMasterBoy View Post
    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..
    The most important thing to be learned from those who demand "Equality For All" is that all are not equal...

    Gun Control - seeking a Hardware solution for a Software problem...
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  8. 04-20-2023, 23:22 #8
    brutal
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    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/...-mortgage-rate
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    Credit TFOGGER : Liberals only want things to be "fair and just" if it benefits them.
    Credit Zundfolge: The left only supports two "rights"; Buggery and Infanticide.
    Credit roberth: List of things Government does best; 1. Steal your money 2. Steal your time 3. Waste the money they stole from you. 4. Waste your time making you ask permission for things you have a natural right to own. "Anyone that thinks the communists won't turn off your power for being on COAR15 is a fucking moron."
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  9. 04-21-2023, 04:47 #9
    DFBrews
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    Low score buyers still paying more in adjusted rate than higher score buyers
    You sir, are a specialist in the art of discovering a welcoming outcome of a particular situation....not a mechanic.

    My feedback add 11-12 ish before the great servpocaylpse of 2012
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  10. 04-21-2023, 06:05 #10
    hollohas
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    Quote Originally Posted by DFBrews View Post
    Low score buyers still paying more in adjusted rate than higher score buyers
    True. 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.
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