ST Alpha - "How the US is subsidizing high-risk homebuyers — at the cost of those with good credit -- (link)" (Reading a Post)

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How the US is subsidizing high-risk homebuyers — at the cost of those with good credit -- (link)

Posted by Strongbad (aka Rambler14) Apr 19 '23, 15:06

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A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The Post has learned. (nypost.com)

Responses:

Not that I expected better from the NYPost, but even a cursory google of what LLPAs are disprove the assertion in your IM. -- nm - znufrii Apr 19, 15:14 5
- NY Post has been egregious lately. I wouldn’t trust them on anything right now. -- nm - The Allfather Apr 19, 15:58 1
  - like since 1976 -- nm - hollywood big shot Apr 19, 16:00
- I *hope* the article is incorrect. -- nm - Strongbad Apr 19, 15:16 2
  - Here’s the actual chart from Fannie Mae -- (link) - znufrii Apr 19, 15:18 1
    - That link is over my head, but I'll take your word for it. - Strongbad Apr 19, 15:22
Jerome Powell you're off the hook -- nm - hollywood big shot Apr 19, 15:12 4
- (the high end of the market where these poor oppressed FICO scores are likely to be buying will continue to be overpriced and undersupplied) -- nm - hollywood big shot Apr 19, 15:14 3
  - and the lower to middle class folks with high FICO scores... yeah, F them. -- nm - Strongbad Apr 19, 15:15 2
    - there is not enough supply for starter or mid-range homes regardless of your FICO score. has nothing to do with capacity to buy -- nm - hollywood big shot Apr 19, 15:17 1
      - but also FICO is a fiction invented by banks in 1989 that is biased toward keeping lower-income buyers out of the market anyway -- (link) - hollywood big shot Apr 19, 15:22

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