Biden Admin Threatens Banks That Refuse To Lend Money To Illegal Immigrants
(dailycaller.com)
🧠 Biden’s Admin is stupid!
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Yes, it was a new rule surrounding mortgage lending. I actually found a fact-check on it, lol. I love their reasoning: "High credit score borrowers will have to pay more, but the amount that the high-scoring borrowers pay will still not be more than the low-scoring borrowers!!"
https://www.politifact.com/factchecks/2023/may/03/nikki-haley/new-mortgage-rules-dont-punish-those-with-good-cre/
https://www.usatoday.com/story/opinion/columnist/2023/05/04/biden-mortgage-rule-credit-score-cost-homebuyers-more/70179031007/
In other words, we're going to gouge you no matter what. 🙄
I've confirmed this with multiple realtors and lending agents, higher fees for good credit as the USA Today article rightly calls mortgage socialism.