Posted on 04/22/2023 1:30:17 PM PDT by spirited irish
A new Biden administration rule that is set to go into effect will force homeowners with good credit to pay more on their mortgages in order to subsidize loans to high-risk borrowers.
According to a new, insane Biden Admin rule, people with good credit will be assessed higher mortgage rates to subsidize riskier loans to people with lower credit. Homeowners will now be punished for being responsible.
Biden's attack on success in the name of "equity" continues.
(Excerpt) Read more at oann.com ...
Just when I thought the liberals had reached their limit of stupidity, they come through with something even more stupid!
How on earth did "people with good credit scores" get translated in your head into "the rich"???
“Poor Richard’s Almanac” is where I found it.
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