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

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[quote=Anonymous]It is true

[img]https://pbs.twimg.com/media/FuaVKohWYAEfDxq?format=jpg&name=900x900[/img]

This from the Fannie Mae. Oh and one more thing, this was NOT voted on. It passed in secret. ILLEGAL AS HELL. It's straight up theft.
Ain't our government grand helping people that can't afford a house and using good credit "folks" to balance everything out ?
I remember buying our house and going through hard hoops including an FBI check, three credit checks and having to put up 35% as a down payment. That was what relocation rules demanded. Then it was decided we needed to add $300 to the mortgage monthly for some stupid shit because the powers that be said so. Still to this day I can't remember what that was for but it was tacked on for the life of the mortgage. Not insurance. It happened after we moved in. I think it was a property assessment tax. REassessment. A racket/scam/theft/mafia type shit. They bleed you and offer a bandaid to others that aren't bleeding.

I am so glad we paid off our house when we could. Now any thoughts of moving are not going to happen. The government made that decision for us. BUT if I see homes getting rented out, we are leaving. Nothing brings down home value like a bunch of rental homes where they shouldn't be.  [/quote]

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