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Real Estate
Reply to "Hike in payments for good-credit homebuyers to subsidize high-risk mortgages"
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[quote=Anonymous]Everyone should know the people with the best credit already subsidize the worst via credit card rates. The Card Act, which eliminated double cycle billing (which should have been gotten rid of), also eliminated precision in card rate pricing such that higher credit scores end up in pricing buckets with lower scores. It would take a while to explain but it’s akin to sedentary, overweight smokers and healthy workout types being treated equally in actuary tables. This is more of the same. [/quote]
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