On May 1, new Federal Housing Finance Agency (FHFA) rules went into effect that will allow borrowers with lower credit ratings to qualify for better mortgage rates than they otherwise would have. Meanwhile, borrowers with better credit ratings will pay higher fees to subsidize the program. Peter Schiff recently appeared on Real America with Dan Ball to talk about the new rules.
Experts say a person with a credit score over 680 could pay an extra $40 to $70 per month.
When the news came out, Peter Schiff tweeted, “Just when you thought the Joe Biden administration couldn’t get any dumber, it does this. It’s a perfect example of why government shouldn’t have any involvement in the housing market and why the FHA, Fannie Mae and Freddie Mack should all be abolished.”
Dan said he’s about ready to buy a home and he’ll be punished if this plan goes through. Peter told Dan he didn’t have to get punished.
Just miss a few payments. Screw up your credit score. That will help your mortgage rate.”
Like Obama forcing the people with something Good ( credit or Insurance ) to support the Bad ( credit or No
insurance ) !!!!!!
Biden-Care !!!!
Like the Obama Plan > the Biden Plan !!!
Biden rewards all but the Good People in America anyway > No surprise > He wants to RUIN America >
SET – BACK – BETTER PLAN !!!!
Biden calls MAGA ( Making America Great Again ) a Bad Thing !!!! Shows where he Stands !!!!
Biden Rewards China / Russia / North Korea / Iran & other Anti- American enemys !!!!
Reward Biden with an IMPEACHMENT 2023 !!!!!!
If you are Chapter 7 Biden will Wipe your Record Clean & give you $ 10,000 to start over !!!!!! ( Not )