Is the Democrats’ law that responsible people must pay more for mortgages the first step in social credit scores?

[Thinker101]

If you are not taking out a mortgage then you will not pay higher fees/rates on a mortgage

Brilliant, just fricken brilliant. If you don't go anywhere you don't have to worry about high gas prices, if you don't eat you don't have to worry about high food prices.

 

[Independent thinker]

More importantly, what's the point of going back to the same propagandists who lie to you over and over and over and over so they can refill your mouth with more manufactured bullshit?

Scientists will study this one day.

I don't know who you are referring to since I don't watch right wing media.

 

[g5000]

I don't know who you are referring to since I don't watch right wing media.

And yet you do a bang-up job of parroting it. This topic being one example.

 

[Independent thinker]

And yet you do a bang-up job of parroting it. This topic being one example.

I don't watch right wing media. I try my best not to watch left wing media. Of course both sides would agree with me on some issues and not on others. You do a bang up job on parroting left wing media talking points.

 

[White 6]

The Democrats have decided that paying bills late, or otherwise do things that have caused a low social credit score, is a behavior that is worthy of a less expensive mortgage. When you engage in financially rewarding (or punishing) people based on behavior, rather than on risk/benefit analysis, isn’t this the first step in paying people to engage in behavior you want (in this case, being financially irresponsible)?

So what is next? Will people who participate in Democrat-supported causes get extra points that will help them with loans? Will people who sign petitions trying to get a specific Democrat kicked out of Congress be punished at the loan office?

Where will the Democrats’ drive to control people end up?

Coming soon: America’s own social credit system

The same issue with government censorship exists with corporate censorship: If there is a line, who draws it?

thehill.com

What law do you refer to in your thread title?

 

[22lcidw]

A person taking out a $500,000 mortgage will pay an extra $625 in fees under the new policy.

One time.

That's. It.

Your propagandists are spinning out of control.

It's the people who lost tens of thousands of dollars to hundreds of thousands of dollars in 2008 or so in their property value.

 

[Ralph Norton]

A person taking out a $500,000 mortgage will pay an extra $625 in fees under the new policy.

One time.

That's. It.

Your propagandists are spinning out of control.

So people with good credit WILL pay more in fees than they did before. Got it. Thanks
(how many times is irrelevant - it's still Democrat/ socialist bullshit).

 

[Thinker101]

What law do you refer to in your thread title?

Not a law, it's a Biden Administration rule.

 

[White 6]

The Democrats have decided that paying bills late, or otherwise do things that have caused a low social credit score, is a behavior that is worthy of a less expensive mortgage. When you engage in financially rewarding (or punishing) people based on behavior, rather than on risk/benefit analysis, isn’t this the first step in paying people to engage in behavior you want (in this case, being financially irresponsible)?

So what is next? Will people who participate in Democrat-supported causes get extra points that will help them with loans? Will people who sign petitions trying to get a specific Democrat kicked out of Congress be punished at the loan office?

Where will the Democrats’ drive to control people end up?

Coming soon: America’s own social credit system

The same issue with government censorship exists with corporate censorship: If there is a line, who draws it?

thehill.com

What law do you refer to in your thread title?

Not a law, it's a Biden Administration rule.

If you say so. What rule do you refer to?

 

[mudwhistle]

The Democrats have decided that paying bills late, or otherwise do things that have caused a low social credit score, is a behavior that is worthy of a less expensive mortgage. When you engage in financially rewarding (or punishing) people based on behavior, rather than on risk/benefit analysis, isn’t this the first step in paying people to engage in behavior you want (in this case, being financially irresponsible)?

So what is next? Will people who participate in Democrat-supported causes get extra points that will help them with loans? Will people who sign petitions trying to get a specific Democrat kicked out of Congress be punished at the loan office?

Where will the Democrats’ drive to control people end up?

Coming soon: America’s own social credit system

The same issue with government censorship exists with corporate censorship: If there is a line, who draws it?

thehill.com

The DNC is trying to cause a banking collapse that they can't be blamed for.

 

[Thinker101]

What law do you refer to in your thread title?

If you say so. What rule do you refer to?

Sigh...cmon man.

Higher fees for borrowers with good credit? Inside Biden's new rules on mortgage fees

 

[mudwhistle]

My credit score is superb - in the "it's really hard to beat" range.
Same for my wife.

The fact we have to pay higher fees/rates on a mortgage because of it, as a means to make things easier for the less repsonsioble, is absolute horse shi'ite.

Why do Democrats hate responsible people?

Because they aren't their base. Their base is the poor and the outcast weirdos of our society.

 

[Lisa558]

There is no social credit score, moron.

Not yet, moron.

 

[Ralph Norton]

What law do you refer to in your thread title?

If you say so. What rule do you refer to?

Are you suggesting the new law/ rule raising fees for people with good credit (by whatever name) doesn't exist?

 

[Lisa558]

A person taking out a $500,000 mortgage will pay an extra $625 in fees under the new policy.

One time.

That's. It.

Your propagandists are spinning out of control.

So why should the responsible person be penalized at all? Why is there a financial reward for being irresponsible?

Is this the start of social credit scoring, based on punishing behavior Democrats want to disincentivize - like financial responsibility?

 

[Doc7505]

The article is noting more than an opinion.

BY KRISTIN TATE, OPINION CONTRIBUTOR

Kristin Tate is a libertarian writer and an analyst for Young Americans for Liberty.

-----------

Try starting a thread with something factual.

~~~~~~

Mortgage fees are changing for homebuyers next month. Here's what you should know.

If you plan to buy a house soon, you should be aware of these fee changes that will affect your upfront costs.

www.usatoday.com

**********​

Biden rule will redistribute high-risk loan costs to homeowners with good credit

A new federal rule will make borrowing for a home more expensive for those with high credit scores to subsidize loans to higher-risk borrowers.

www.foxnews.com

 

[Lisa558]

The FACT is that people with shitty credit scores (not SOCIAL credit scores like the tard in the OP claimed) will continue to pay the same higher interest rates on their mortgages than someone with a good credit score.

That has NOT changed.

Your propagandists have lied to you AGAIN!

The fact is that people with shitty credit scores are getting rewarded for irresponsible behavior with a discount to their fees.

 

[DigitalDrifter]

A person taking out a $500,000 mortgage will pay an extra $625 in fees under the new policy.

One time.

That's. It.

Your propagandists are spinning out of control.

So you're ok with rewarding people who are more irresponsible with their credit then.

 

[Anathema]

A person taking out a $500,000 mortgage will pay an extra $625 in fees under the new policy.

One time.

That's. It

So this is some sort of punitive fee, based on the credit score of the mortgagee and the size of the loan? or am I missing something?

 

[Lisa558]

So this is some sort of punitive fee, based on the credit score of the mortgagee and the size of the loan? or am I missing something?

Yes. The fee is higher if your credit score is strong, and lower if you haven’t been responsible with money. Now….does that make sense?