Republicans will repeal Biden's new mortgage policy

[TroglocratsRdumb]

Republican Reps. Patrick McHenry and Warren Davidson sent a letter on Tuesday promising action if the Biden administration did not reverse changes that increase mortgage costs for homeowners with good credit to offset those who have riskier credit.

Financial Services Chair McHenry, R-N.C., and Housing and Insurance subcommittee chair Davidson, R-Ohio, said they would move to repeal the new provision through legislation if the Federal Housing Finance Agency did not move to do so itself.

'It's a socialist redistribution of wealth,' said Davidson in a statement. 'If the FHFA doesn't reverse this rule, Congress must.'

EXCLUSIVE: Republicans threaten to REPEAL new mortgage rule

Reps. Patrick McHenry and Warren Davidson sent a letter on Tuesday demanding the Biden administration reverse changes,

www.dailymail.co.uk

comment:
Thank God for congressional oversight.
Biden is admitting that Dem Voters are low class deadbeats who don't pay their bills or save their money.
The impeached rapist Billy Boy Clinton also messed with mortgage policies because low class trash Dem Voters could not qualify for a home loan.
That caused the Great Recession.
Biden is punishing people who work hard, pay their bills and save their money because those are the kinds of people who the Democrat Cult hates.

 

[JusticeHammer]

Good, nothing but a socialist proposition. Biden is an anti American fool.

 

[BluesLegend]

Biden has gone full flaming left winger. That's not what he promised during the campaign.

 

[JusticeHammer]

Biden has gone full flaming left winger. That's not what he promised during the campaign.

He lied? Say it's not so.

 

[Harry Dresden]

Biden has gone full flaming left winger. That's not what he promised during the campaign.

but he said he is the "uniter".....

 

[BoostedHayabusa]

400 years of injustice.

interesting facts on this article.

In the fourth quarter of 2022 the white homeownership rate was 74.5 percent while black homeownership rate was 44.9 percent.
Its stated goal for boosting homeownership among minorities was to generate wealth in those communities.
Lenders rely on credit attributes to determine mortgage accessibility and rates.
Black home loan applications are currently denied at a higher rate than every other ethnic group in the country.
Neighborhoods with higher black populations also see lower home prices, FHFA notes.

 

[Independentthinker]

Republican Reps. Patrick McHenry and Warren Davidson sent a letter on Tuesday promising action if the Biden administration did not reverse changes that increase mortgage costs for homeowners with good credit to offset those who have riskier credit.

Financial Services Chair McHenry, R-N.C., and Housing and Insurance subcommittee chair Davidson, R-Ohio, said they would move to repeal the new provision through legislation if the Federal Housing Finance Agency did not move to do so itself.

'It's a socialist redistribution of wealth,' said Davidson in a statement. 'If the FHFA doesn't reverse this rule, Congress must.'

EXCLUSIVE: Republicans threaten to REPEAL new mortgage rule

Reps. Patrick McHenry and Warren Davidson sent a letter on Tuesday demanding the Biden administration reverse changes,

www.dailymail.co.uk

comment:
Thank God for congressional oversight.
Biden is admitting that Dem Voters are low class deadbeats who don't pay their bills or save their money.
The impeached rapist Billy Boy Clinton also messed with mortgage policies because low class trash Dem Voters could not qualify for a home loan.
That caused the Great Recession.
Biden is punishing people who work hard, pay their bills and save their money because those are the kinds of people who the Democrat Cult hates.

I hope they succeed but I'm not holding my breath. The best thing we can do is vote the socialists out.

 

[JusticeHammer]

but he said he is the "uniter".....

Shockingly he lied.

 

[Nostra]

400 years of injustice.

interesting facts on this article.

In the fourth quarter of 2022 the white homeownership rate was 74.5 percent while black homeownership rate was 44.9 percent.
Its stated goal for boosting homeownership among minorities was to generate wealth in those communities.
Lenders rely on credit attributes to determine mortgage accessibility and rates.
Black home loan applications are currently denied at a higher rate than every other ethnic group in the country.
Neighborhoods with higher black populations also see lower home prices, FHFA notes.

They should move out of Dimwinger run shitholes.

 

[EvilCat Breath]

400 years of injustice.

interesting facts on this article.

In the fourth quarter of 2022 the white homeownership rate was 74.5 percent while black homeownership rate was 44.9 percent.
Its stated goal for boosting homeownership among minorities was to generate wealth in those communities.
Lenders rely on credit attributes to determine mortgage accessibility and rates.
Black home loan applications are currently denied at a higher rate than every other ethnic group in the country.
Neighborhoods with higher black populations also see lower home prices, FHFA notes.

Nothing about fuckwad Biden's new rules would change any of that. Those with good credit and substantial down payments, including responsible black families, will pay more. This does not mean that poor minorities will pay less. They won't. Charging more is only to offset the losses. It isn't to create a benefit for poor blacks. They will pay the original full price.