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

[struth]

Obamacare is one of the most popular services the government has.

It's certainly rised in popularity since the GOP made major reforms to it during the Trump admin.

At one point it was polling at 37 percent approval, but post Trump's reform's it's up over 60 percent

 

[struth]

Obamacare is one of the most successful government programs to ever launch.

ACtually it was a disaster of a launch...

CBS EVENING NEWS

Healthcare.gov plagued by crashes on 1st day​

Healthcare.gov plagued by crashes on 1st day

State- and federal-run healthcare exchanges had glitches on first day of Obamacare rollout as millions eyed the programs

www.cbsnews.com

 

[struth]

What Biden’s FHA mortgage fee cut means for buyers

First-time homebuyers already feeling the pinch of inflation could catch a break after a recent action that will trim mortgage insurance premiums on federally backed loans. Loans secured with…

thehill.com

yes, as the OP stated...you are getting charged higher for following the rules and having good credit...and paying less if you screwed up your credit and were a deadbeat

 

[citygator]

It's certainly rised in popularity since the GOP made major reforms to it during the Trump admin.

At one point it was polling at 37 percent approval, but post Trump's reform's it's up over 60 percent

Yea sure dumbass... The "no one knew healthcare could be so complicated" President who didnt do anything.. didnt do anything.



REMEMBER THIS???

 

[g5000]

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).

They will not pay a higher interest rate on their mortgage as the tard media has been leading the tards to bleev.

 

[g5000]

It's certainly rised in popularity since the GOP made major reforms to it during the Trump admin.

At one point it was polling at 37 percent approval, but post Trump's reform's it's up over 60 percent

"Rised"?

All Trump achieved was making Obamacare immortal and more expensive to taxpayers.

I predicted at the very beginning of Obamacare that it would increase in popularity over time. He completely hoaxed you rubes that he would repeal and replace it.

2013:

Massachusetts implemented RomneyCare in 2006. As a result, that state now has the highest per capita healthcare costs in the country.

Five years after its implementation, 60 percent of those polled said it needed fixes.

This all sounds like it would doom RomneyCare, and ObamaCare by extension.


Nevertheless, 74 percent said they wanted to keep RomneyCare around. This is the part that is ignored by, or unknown to, opponents.

So it will be with ObamaCare.

 

[citygator]

yes, as the OP stated...you are getting charged higher for following the rules and having good credit...and paying less if you screwed up your credit and were a deadbeat

Not true. I posted the fee rates. Good credit pays 0.125% and bad pays upwards of 3.00% That is 24Xs higher prices for bad credit. I dont understand what you guys dont get.

 

[g5000]

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.

Which has nothing to do with the Biden policy under discussion.

 

[g5000]

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

So they can win again in 2024, right?

Do you people ever think through the stupid shit you say?

 

[g5000]

Not yet, moron.

You said there is, moron.

 

[g5000]

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

Nope. It's a completely useless and ultimately ineffective policy, but it makes the rubes bleev Biden cares about them.

 

[g5000]

I swear you ignoramuses will believe anything. Here are the rates. They are not lower for high risk borrowers. You are being lied to.

View attachment 782140View attachment 782141

You need to show the before and after amounts.

See this link. It has the before and after fees: New Mortgage Fees: Will Higher Credit Buyers Pay More? | Bankrate


In another example, if you have a score of 640 to 659 and borrow 70 percent to 75 percent of the home’s value, you now pay a fee equal to 1.5 percent of the loan balance. Before these changes, the same borrower paid a 2.75 percent fee.

 

[g5000]

We are talking about the FEE. Good, responsible people are being punished with a higher fee, and irresponsible people who don’t manage their money well are being rewarded with a discount (subsidized by the better people).

There are a lot of reasons why someone might have a low credit score, and it does not always mean they are irresponsible, you evil hateful bitch.

 

[WEATHER53]

Obamacare is one of the most successful government programs to ever launch.

Wishful

 

[Lisa558]

You said there is, moron.

Wow….moron can’t even read a thread headline.

 

[g5000]

If you look at the link I just provided, you can see that fee rates have always been progressive. Now they are just a teeny weeny bit moreso.

BFD.

 

[Ralph Norton]

There are a lot of reasons why someone might have a low credit score, and it does not always mean they are irresponsible, you evil hateful bitch.

But that is where the smart money goes.

 

[Lisa558]

There are a lot of reasons why someone might have a low credit score, and it does not always mean they are irresponsible, you evil hateful bitch.

Oh…..the leftist is getting nasty now. Shows he can’t argue the point.

 

[WEATHER53]

You need to show the before and after amounts.

See this link. It has the before and after fees: New Mortgage Fees: Will Higher Credit Buyers Pay More? | Bankrate


In another example, if you have a score of 640 to 659 and borrow 70 percent to 75 percent of the home’s value, you now pay a fee equal to 1.5 percent of the loan balance. Before these changes, the same borrower paid a 2.75 percent fee.

Cheapen it for deadbeats so that there can be more deadbeats
It’s So Obvious

There are a lot of reasons why someone might have a low credit score, and it does not always mean they are irresponsible, you evil hateful bitch.

That’s a paid dummy statement for sure
Low credit scores are mostly due to non payments with other issues such as amount of extended credit being far less important for credit scoring

 

[g5000]

Wow….moron can’t even read a thread headline.

I can read the very first sentence you wrote.

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.