People with good credit now get to pay for bad credit mortgages

[Jgault]

With a stroke of a pen Biden is now raiding the mortgage rates for those who have good credit to subsidize those with bad credit seeking a mortgage. The mortgage industry is already on its knees, not to mention it’s a kick in the head to people who pay their bills to now get to pay for someone else’s house.

https://www.foxnews.com/us/biden-rule-redistribute-high-risk-loan-costs-homeowners-good-credit.amp

 

[Harleystoo]

How is this any different than tax-payer bailout of banks (too big to fail) back in 08-10? That crash was caused by giving loans to people that couldn't afford them. Dems have been pushing this affirmative action on us for decades.

 

[Docsherm]

Don't be a racist...... have shitty credit.

 

[acudaowner]

lol