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Borrowers With High Credit Scores Penalized Under New Federal Mortgage Fee Plan
Reason ^ | 4.21.2023 | Elizabeth Nolan Brown

Posted on 04/21/2023 2:38:38 PM PDT by nickcarraway

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1 posted on 04/21/2023 2:38:38 PM PDT by nickcarraway
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To: nickcarraway

Punish those who are hardworking and pay their debts.
Reward those who don’t work and squander their money rather than pay what they owe.


2 posted on 04/21/2023 2:41:39 PM PDT by gitmo
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To: nickcarraway

Did Congress authorize this, or is it another communist scheme issued by fiat from the deep state?


3 posted on 04/21/2023 2:42:17 PM PDT by imabadboy99
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To: nickcarraway

Any lawyers out there? Is this legal? Can we reverse this in the courts?


4 posted on 04/21/2023 2:43:11 PM PDT by rexthecat
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To: rexthecat

Pity our standing to pursue private prosecution of a public right is lawlessly suppressed, otherwise we could sue to have the 10th Amendment honored.


5 posted on 04/21/2023 2:48:38 PM PDT by Rurudyne (Standup Philosopher)
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To: nickcarraway

My kids are gonna be upset with this. They’ve worked hard to finally get their credit scores to improve, and now that they’ve managed to do just that, they will be penalized for working so diligently. The system is BROKEN.

Thanks, Obama. I feel certain he had something to do with this. Something about fundamentally transforming this country.


6 posted on 04/21/2023 2:48:47 PM PDT by FamiliarFace (I got my own way of livin' But everything gets done With a southern accent Where I come from. TP)
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To: rexthecat

My questions also. I doubt it’s legal.


7 posted on 04/21/2023 2:52:22 PM PDT by apocalypto
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To: imabadboy99

almost certainly an administrative change not authorized by congress. This is the type of thing the SC has been shooting down a LOT recently.


8 posted on 04/21/2023 2:55:35 PM PDT by TexasFreeper2009
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To: nickcarraway

Few years down the line will be a repeat of 2008 housing crisis, when the poor homeowners can’t afford the mortgage or the problems keeping up the house......


9 posted on 04/21/2023 2:59:54 PM PDT by Hambone 1934 (Dems love playing Nazis.....The republicans love helping them)
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To: gitmo

Just like Federal higher education financial aid.

Punish savers and reward debtors.


10 posted on 04/21/2023 3:03:26 PM PDT by lightman (I am a binary Trinitarian. Deal with it!)
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To: nickcarraway

So... who else has decided to put off buying a home until this insanity passes?


11 posted on 04/21/2023 3:04:02 PM PDT by Chuckster (Friends don't let friends eat farmed fish)
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To: gitmo

I’ve told this story before, but here goes.

Twin daughters in grade school (4th grade?), different classrooms. One daughter comes home and talks about how the teacher placed a bunch of pennies around the room and they all went to find them. Some kids found 3 or 4 and some kids found 1 or 2.

The teacher asked them if that was fair or not, and what should they do about it. Well, the kids all put their heads together and they decided to split it up evenly and give the kids that didn’t have many pennies some of theirs to make it more fair. She was so proud of the fair solution they had come up with on their own. (Fourth grade remember.)

The other daughter comes home a couple of hours later. She was pissed off when she entered the door. “So the teacher made us play this stupid game.... All of the kids wanted to make it fair and to give away the extra pennies. I argued how it wasn’t fair. I was running all over and found 5 pennies. Tom and Johnny were just sitting at a table not doing anything! How is it fair that I have to give them each a penny!!?? It isn’t fair - it just made things equal!! But that’s not fair! I tried and tried to convince them not to do it, but I got out-voted. Well, one boy came over in my defense and changed is vote to no with me.” First daughter has always been compassionate, second daughter has always been a thinker.

Anyway, first daughter thought about it and said “Hey - you’re right, that isn’t fair!”

I told them to go back to their teachers and play that game every day for the rest of the week to see what would happen. They didn’t. (Fourth grade remember) But, we did talk about what would happen.

Daughter one just texted me about this mortgage thing. When she gets done with work I’ll ask her if it reminds her of anything!


12 posted on 04/21/2023 3:04:14 PM PDT by 21twelve (Ever Vigilant. Never Fearful.)
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To: Chuckster

Do you know a cave I could live in?


13 posted on 04/21/2023 3:05:34 PM PDT by nickcarraway
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To: nickcarraway

I’m getting sick of being the ant; maybe I’ll try the grasshopper route.


14 posted on 04/21/2023 3:06:57 PM PDT by I-ambush (We watched the moment of defeat, played back over on the video screen. )
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To: FamiliarFace

Maybe your kids can find a YouTube video, “How to Ruin Your Credit - Fast.”


15 posted on 04/21/2023 3:07:19 PM PDT by nickcarraway
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To: nickcarraway

I knew my brilliant strategy of having crap credit would pay off someday. Suckers!


16 posted on 04/21/2023 3:08:07 PM PDT by TangoLimaSierra (⭐⭐To the Left, The Truth is Right Wing Violence⭐⭐)
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To: TangoLimaSierra

Good for you!


17 posted on 04/21/2023 3:08:55 PM PDT by nickcarraway
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To: apocalypto

I am not sure it matters anymore.


18 posted on 04/21/2023 3:08:56 PM PDT by Iceclimber58
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To: nickcarraway

Biden is to blame!


19 posted on 04/21/2023 3:14:13 PM PDT by StrictConstructionist
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To: gitmo
”In your face” is our communist masters' favorite tool to rattle the chains of tyranny that they have wrapped around our necks...

No Big Deal!
Our communist masters know that the pathetically servile and indolent Aamerican people will just continue to roll over and spread their collective cheeks...

20 posted on 04/21/2023 3:15:43 PM PDT by SuperLuminal (Where is the next Sam Adams when we so desperately need him)
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