No, good-credit home buyers are not subsidizing high-risk mortgages. This is just conservative media click bait and the reporting is inaccurate.

Explanation in the comments

like
Posting as :
works at
You are currently posting as works at

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.

like

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.

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

like

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.

like

Legitimate news sources aren’t taking about this non-story. It’s only conservative outlets trying to enrage you to vote

Post Photo

You believe everything the media says? Are you on your 12th Covid shot?

like

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?

Post Photo

Related Posts

Can anyone share amex Bangalore location?

like

Are y’all waiting to do a mega backdoor Roth to see what they do about build back better this year or just moving forward with it?

like

Any McK fuel people in here? Kinda curious about this segment in reference to deal structure. Is it all commercial debt?

like

Can somebody explain what the outlook for dogecoin is? Should I buy like 1000 shares?

like

Do we have tax calculator in tcs

like

Is it too late in our lives to jump into a mortgage?

So my fiancée and I are relatively late in terms of finally landing well paying jobs and being able to save money instead of living paycheck to paycheck. We’re both 36 and currently rent a 2 bedroom in NY and have a combined savings of $35,000 which she wants to use as a down payment on a condo. I kinda just wanna continue saving while renting. I also literally just started contributing to my 401K so I’m also late in the game for that too.

helpful
like

Whats the max of monthly rent has anybody shown for HRA deduction 😅

like

Can someone explain the LTA policy? What happens if I don't claim any travel bills? Can I claim it as a taxable component monthly?

like

@Partners - how much money do you need to invest I to the firm to get your partner share?

likefunny

Hi Fishes,
I will be joining KPMG global services and first time coming under tax slab.
Can anyone please share monthly payslip as I wanted to plan my rent according to HRA?
Also please share the Annual basic so that I can calculate my HRA accordingly.
Attaching my compensation plan.
Pleaaaaassssse helppppppppp.

Post Photo
like

Looking to buy a home in 1-1.5 years. What are some good neighborhoods inside the beltway for 500-650k range?

like

Do we need to submit rental agreement to claim HRA tax exemption in Ericsson or rental receipts enough ?

How frequent rental receipts should be ( yearly ? Or quarterly)

Recently joined and maybe a long shot: does anyone have insight or advice for condo buying in FT Lauderdale? Realtor and area recommendations?
This will be my secondary property until I can shift residency. Early 40s single. Looking at las olas condos at the moment. Thanks!

like

I have been DCAing over the last few months on binance and then moving the tokens to my Celsius wallet.

It has become really difficult to keep track of the actual cost of the tokens and profit/loss.

Any software or app recommendations, I am almost inclined to start an excel spreadsheet to keep track now

like

Recommendations for a good auto lender in NJ area? Looking to buy/lease a car

like

I am 25 years old with roughly no savings. I am a consultant with a technical background. Are there any tips in side jobs/ways to make more money for savings?

like

Renting a car vs buying, which is better in India?

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

How does one get into trading from positions elsewhere in the bank? What would impress you most about candidates attempting to do so?

like

More Posts

Wishing PDX had a bigger ad scene so I can relocate 😩 I love this city

like

Saturday Wordle 280 3/6

⬛⬛⬛⬛⬛
🟨⬛🟩⬛🟨
🟩🟩🟩🟩🟩

likesmart

Got a date with a girl I've admired for a while this weekend, where should I take her? Best romantic/fun date spots, ideally with great food or near great food. She has no dietary restrictions as far as I know. Thanks

like

Hope everyone had a meaningful fast

like

Does anyone want to buy a MacBook Pro 13inch with touchbar from 2017? Like new condition. 8Gb ram, 256gb SSD, very lightly used battery

like

I was offered a high net worth client associate position with fidelity. I have never worked in a call center environment.
Can anyone that has worked in that position tell me what its like and what to expect? Is it more like an administrative position and boring or do you really get to help clients? All feedback is appreciated!

likeuplifting

Are skills in MDM on the rise? What technical skills should be learned in addition to create a transferable skill set?

like

Please help! Do these fees look within normal range or are they too high? I am especially concerned about the title company fees!

Post Photo
like

Has an ALM in Management at Harvard Extension School led you to a career at any high power corporations such as Goldman Sachs?

like

Hi! can anyone please refer me in ZS? I’ve the job Id.

like
like
like
like

Can you cut 18mg Delmosart (i.e. Concerta) to get 2x 9mg?

like

Pls suggest and refer me for this openings in genpact

Post Photo

Hi fishes,
I am currently working as Branch Manager (scale-2 officer) in one of the leading public sector banks and have 5 yr experience in core banking. I am having 2.5 years experience in the IT sector on vision plus as a software engineer (before joining the bank). I have knowledge of core banking as well as good knowledge of banking tools like finacle, caps, imac etc. I want to switch to private financial institutions.
Any suggestions about such institutions and the domain for I can apply

How advanced are the coding questions for entry level data scientist? For SQL+ python

Can someone Suggest Template for Ppt's.

I have a presentation to make and I want it to be uniquely different .

Thanks in advance

like

Love that in true form I chose the 1 red meme stock. 😂💎💎💎

like

Hey everyone,

Anyone has referrals to any startups that are hiring any of the following roles:
Generalist
Operations
HR
Recruiting
Business management

I’m looking to be involved with a pre-seed, seed, series A or series B startup that provide remote work, good benefits and a decent salary.

like

Additional Posts in The Real Estate Bowl

Is a sloped floor of 1/2” over 10’ noticeable? I have to make room for conduit and cannot trench in my current place

likesmart

In process of buying a house, both my surveyor and specialist damp contractor found damp under kitchen tiles (In the grout) & in skirting boards and up one wall. Sellers had work done initially in 2014 on the wall only(with garuntee) & their company has visited and assured there is no damp… what is next best course of action, get another damp specialist to examine independently of other reports? I don’t trust them….. (U.K. Victorian terrace, damp is in the kitchen extension built circa. 15 y/o)

like

Recently joined and maybe a long shot: does anyone have insight or advice for condo buying in FT Lauderdale? Realtor and area recommendations?
This will be my secondary property until I can shift residency. Early 40s single. Looking at las olas condos at the moment. Thanks!

like

Looking to move out of California, and considering buying a townhome in Atlanta for ~$650k. Any thoughts on the Atlanta real estate market?

like

I am moving to Charlotte, NC for a new job. I currently live in Portland, OR and have a single family home here. With my income, and current mortgage, I can afford a 350k house I’m Charlotte with about 10% down. What are the pros and cons of buying a new place in Charlotte and then sell my house in Portland?

like

Do you thank your tenants for paying the rent? A quick thank you text?

like

Good evening all,
With my partner we are considering making a move to the countryside of Switzerland, with a gorgeous RE project offering incredible views on immaculate mountains and lake. However, it is far away, and will require 1h+ train/car commute vs. 10 min biking right now. We are scared it will bite us back at some point, although COVID helped w/ remote working being a new norm. The project will be done 2024, so I hope to have a more relax job by then. Any similar experience to share?

like

Has anyone here used New Western to buy real estate deals?

like

Planning to call the bank today, but wanted to ask this here to see if anyone has experience with something similar.

I found a 6 unit property ( 5 apt + 1 coach house) that I’d like to buy and convert to a 4 apt unit. Is there any way to qualify for an FHA 203k loan since it will be a 4 apt unit after renovations?

Thanks!

like

What rates are people getting for condos? I’m thinking about selling my condo (I had 3.25%) but my realtor said that the rates are so high now that if I were to buy a similarly priced place, the monthly payment would be like $800 more. I’m bad at math, so I wanted to ask here to confirm this is accurate. Mortgage is around $700k

like

Fishes! what are the best grounds to dispute my property tax valuation? What support should I have?

like

My clients wish to write a testimonial/review for my RE broker services. What is the best site/medium for this? Yelp? Google Review? Zillow? Facebook?

like

I have a rental property and my tenant is asking me to change the fridge light burb. I live out of state and don’t have property manager locally. Is it bad if I ask them to change the fridge light burb themselves?

I’m pretty responsive for things they need help with like laundry machine got broken or pantry doors fell off. So I had sent people to fix those maintenance and repair issues.

But light burbs? Srlsy? They are grown up people (fresh out of college girls)

likefunny

This is the thread to boast about a creative deal that you made by using leverage and/or collateral.

like

How do I classify my property for tax purposes if I received rental income for exactly 15 days this whole year? Primary?

like

For the folks that bought an a second property (rental) with less than 20% down, how did y’all pull it off ? 10 % down payment is all I can afford.

like

Hi guys! Looking to learn about real estate investing! I am a senior in college graduating with a degree in finance so I understand certain aspects, but am looking to learn more on my own about real estate specifically!

What books would you recommend I read?

like

Is it better to have SFH for monthly cash flow or passive MF deals through a private syndicate? Friend told me that you need to have $1.5m invested in MF to generate 60k a year approx but it’s much better than dealing with tenants and maintenance. Just wanted to get peoples thoughts on becoming financially free through these two real estate methods

like

Looking for experiences/opinions on A/C options for old houses. E.g., high velocity ducts vs ductless mini splits. Seems like mini splits are way easier and possibly more effective...but seems like an eye sore. Or... is it just what a contractor thinks will work given your house? Curious what everyone thinks!

like

Having trouble selling my (retired) dad's house. It needs a lot of work, but has great character. What if I buy it myself for a low, low price? Then I would be able to get a FHA 203k loan to do the updates. Rent it out or put it back on the market in the spring.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal