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]This is unacceptable.

I guess I will have to tank my own credit score now.

[/quote]

The highest credit scores still get the lowest fees. If you have a 25% downpayment, your fee is 10x higher with 660 FICO (225bps) compared to someone with a 740 FICO (25bps).

Nothing wrong with the proposal, aside from rightwing outrage media machine manipulating your emotions.[/quote]

You are totally missing the point AND trying to spin this. Do you think people are stupid here? Why should someone with good credit have to pay for those without good credit and then also have to complete with them to purchase possibly the same house?!

SMH at YOU trying to manipulate this!   [/quote]

It's more that people with good-but-not-great credit scores, and who borrow very high amounts for their purchases, pay slightly higher fees than they would otherwise pay so that people with low credit scores pay slightly lower fees than they would otherwise pay. If this affects you, and you think that lowering your credit will help you, you are an idiot and deserve to pay the penalties. [/quote]

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