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][url]https://www.newsweek.com/biden-raises-costs-homebuyers-good-credit-help-risky-borrowers-1795700[/url][/quote]
I’m black with great credit. Will this screw me over? Even though it says this is somehow helping racial disparities?[/quote]

Yes, a black person with good credit will pay more for a mortgage than a back person with poor credit.

Anyone with good credit, black, brown, or white will pay more for a mortgage than a person with poor credit.[/quote]

1. You’re an idiot. And probably a liar too. But I’ll give you a slight benefit of the doubt and assume you’re an idiot.

2. The Fannie/Freddie loans still give those with the best credit scores and highest down payments the best fees. Or even no fees if you have a high credit score and high downpayment.

3. The proposal narrows the spread for fees charged to high credit scoring borrowers and low credit scoring borrowers. Those with high scores still pay the cheapest fees; those with low score still pay the highest fees. But the gap between the two borrowers is now narrower. [/quote]

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