Reply to How the US is subsidizing high-risk homebuyers

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[quote=Anonymous][quote=Anonymous][quote=jsteele][quote=Anonymous]I have been searching for more information on this plan.  What I did find is that this is for people who purchase or refinance after May 1.  
Regardless of whether those with a high credit score and 15% or 20% down payment have an advantage already, they are [b]still getting punished for having good credit and saving for a down payment.[/b]  
[/quote]

They are not getting punished. Buyers with high credit scores and large down payments have an advantage now. They will continue to have an advantage after May 1. The advantage is not as big, but it is still significant. [/quote]

If you're just a number in an actuarial table calculating risk, it's much more fair than a politician imposing their idea of fair by putting their thumb on the scale. This is what was happening in the early to mid 2000's before the subprime debacle hit. Numbers were ignored and the tax payer got bent over in the end to cover the disaster. How many times do we have to go thru this?

I especially abhor changing tbe definitions of words to skirt what's going on. People are getting punished and there's favoratism going on (unequal treatment).[/quote]

But, this administration will call this "equity."  [/quote]

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