Reply to Hike in payments for good-credit homebuyers to subsidize high-risk mortgages

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]It’s for conventional loans. WTF this is insane.[/quote]

Although I don't agree with these changes, it is not insane. It is in fact completely sane. It fits perfectly with the political and social objectives of the current administration.[/quote]

It punishes people who have good credit and worked hard.[/quote]

Those people have greater ability to pay, and thus it is more equitable that they pay.  I don’t know why anybody is surprised by any of this.  The current administration was very open about their priorities before the election, and people are getting what they voted for.

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The current administration won because Biden wasn't Trump. That's it. The majority did not vote for a progressive left administration. And Biden did campaign on being a pragmatic centrist, that was the entire appearance of the campaign, not as a progressive left candidate. That is why the large majority keep saying they don't want Biden to run again. It's only against Trump that Biden looks good.

It is an odd political situation to be in. There's no real mandate and the administration governs via far reaching executive orders that implies it has large majority support among the population when that really is not the case at all. It's definitely a form of political abuse and taking advantage of people not paying close attention because all they cared was not having Trump in office.

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