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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][quote=Anonymous][quote=Anonymous][quote=Anonymous]Excuse me while I go tank my credit[/quote] You do know if your credit is worse your fees are still higher, right. Before the fee for worse credit was 4% now it’s 2% where good credit went from .25% to 1%. Do you understand?[/quote] Thank you. This is what needs to be explained again and again and again. People with good credit were getting a HUGE discount on those fees. I didn't hear the outrage then. Now they are still paying less than people with bad credits but the right wing media wants you to think that they are now paying more. [/quote] Please cite data showing low risk borrowers were “getting a huge discount.” That would mean that the fees didn’t actually relate to the risk related to their loans. If the difference in the fees were justified by the data, that’s a rational difference, not a “discount.” [/quote]
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