[ETCM]

I have a bit of a mixed feeling about this. I'm kind of sort of liking it. Notice how the rich always get a discount because they can buy in bulk? Their business processing fees are much lower than for a small business. Hence their beautiful credit rating.

This only applies to "conforming loans" of no more than $726K (up to $1.1M in very high cost areas). In other words, middle class homes. The rich don't need these loans, if they need a mortgage at all. This rule is aimed squarely at the middle class.

[1_Rain_Drop]

Thanks for explaining. I appreciate it. :-)