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Wow OP is so ignorant it's amazing. The fact that "legitimate" news outlets are not covering it and only conservative outlets covering it doesn't making it untrue. Do you know of why non conservative outlets are not covering it? Take a guess. Because it's a bad policy and makes this admin look bad. Hope you understand how politics works.
Mentor
This is very common in insurance programs. Higher risk still pay more than lower risk but lower risk funds will often subsidize higher risk to some extent. Whether cars, healthcare, home, etc.
So while it is lower risk buyers subsidizing more of the higher risk costs, the way it is being presented in the media is completely misleading. The lower the risk the lower the fees will be still.
These rules are set by the FHFA. This isn’t really a political agency and is mostly staffed with career financial regulation bureaucrats. They also mostly set the rules that govern what conforming vs non-conforming mortgages are. You can still get mortgages without llpas but they won’t be eligible for securitization via Fannie and Freddie. Jumbo loans for example.
Coach
Lol what ? The charges do absolutely increase fees on more worthy buyers.
Fact- buyers who our 20% down and have high credit score will see the biggest increase in fees. It’s a huge surcharge. Where are you getting your info from. Show me
Mentor
This is making the rounds in conservative circles because the reality is far more boring
Fannie Mae is changing the loan level pricing adjustments on conventional mortgages. LLPAs, or risk based fees that fund a pool of money so the government come back to mortgages. They are based on credit score, and loan to value. Even after this change, LLPAs, go down the higher your credit score. This is not higher score people subsidizing lower score people. notably LLPH do not apply to FHA, VA, or USDA loans.
Mentor
Legitimate news sources aren’t taking about this non-story. It’s only conservative outlets trying to enrage you to vote
You believe everything the media says? Are you on your 12th Covid shot?
Here’s the delta between current and new price matrix. Obviously fha has to offset the risk so they choose the borrowers who put down 10-20% aka the savers
How much of a libtard are you?