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Makes sense in todays upside down world…Punish those who do things the right way and live responsibly

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LOL WHAT?

This is a wholly made-up scandal blaming Biden for a 1990s practice that reduces mortgage risk. Republican tabloids and blogs have recirculated this fake scandal to incite anger and resentment. However, the reality is far less exciting, and the practice makes perfect sense. Fannie Mae and Freddie Mac introduced loan-level price adjustments (LLPAs) in the 90s, where higher-risk lenders would pay more for their loan, preventing good credit borrowers from being punished for high-risk exposure. This program has been around since the 90s and is not mandated by a government agency or governing body, but rather a pricing mechanism used by lenders to manage their risk. This fee almost exclusively applies to the large entities who are buying up multiple units and eating up all of America’s housing inventory. This doesn’t apply to most FHA, VA, or USDA loans.

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Companies buying large amounts of houses aren’t doing it with fannie/freddie conforming loans. This has 0 impact there.

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I'm convinced D1 works for the Biden administration. So aggressively defending this topic across multiple bowls evertime it is posted lol.

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Lol. Sorry. It was news to me. I should have known that this wasn’t news as it’s already signed and now approaching implementation.

Oh. So media is misconstruing the whole thing? Sounds about right.

Related Posts

May I get 11 likes for DM please...

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My wife reads nearly an entire book per day just in her spare time after work, no exaggeration. I’m amazed by her and wondering what ideas are out there to monetize her skill? Book editing maybe?

likefunnysmart

How does night shift feel during WFH?

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anyone have any insight in Apple's work culture, workloads balance and benefits in genera? i'm in interviews with them right now + Twitter Apple

likeuplifting

Hey Corporate Gang,

Help me unlock my DMs..

Thanks in advance!

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Humko toh apno ne loota, gairon mein dum kahan tha😅😅😂😂

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As I am in the transition process to another firm... will a ‘letter of warning’ be reported on my u5 ? I was told it would not... but wasn’t sure if anyone out there had a similar circumstance.

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I need advice from the collective. It seems like there is a trend to sell wine in unique bottles. The only problem with this, those bottles will not fit into my wine fridge. Has anyone transferred wine to standard bottles and are you concerned about the wine one it hits the air? I’ve looked at vacuum stoppers but not sure if this is a good idea or not.

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Hello Everyone,

Last Monday i.e on 10th Oct, I received a mail from 
Infosys to submit documents such as Infy Application form, Latest offer/Revision Letter and ID Proof. Its been a week and I have not received any response from them. Can anyone please let me know how much time will they take to get back. 2nd Tech round was cleared on 3rd Oct.

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I recently went from having an incredibly open and intimate long-term relationship with a person I was certain I was going to marry… to now getting asked “what’s your favorite color” on a first date. Godddd I hate dating sometimes

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Can we keep the Bosch company laptop with us permanently?

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Larsen & Toubro Infotech Larsen & Toubro Infotech

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anyone recommendations on where to watch uefa euro games this weekend?

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For any of you real estate investors, what tools or sources did you learn from when getting started. Can’t find a mentor currently so want to find some highly recommended books or videos. If focused on the tri-state area (NY, NJ, Long Island mainly) that would be even better. My hope is to buy and rent out a apartment while also owning a house and house hacking that by renting part of it out. Trying to understand all the steps, traps, and how to find if it’s a good investment.

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Current place I'm at wants to extend me. Thing is I had already (verbally) agreed to another place. But other place is less $, less time, though more "prestige". Stay or go?

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Hey beautiful people,
I’m 27Y and work in tech. Unfortunately my carpal tunnel is getting worst slowly. I’m worry that I still have like 45 years more to be retired and can’t stop working because I have a f* mortgage to pay 😭 I have a super ergonomic workstation, but I know my hand needs a long rest, and I can’t do it… Does anyone relate? What do you recommend?

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When’s the best time to go client side? Wait till I get a promotion or try to switch sooner rather than later?

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Tell me a feel-good story from work that will restore my faith in humanity.

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Additional Posts in The Real Estate Bowl

Now that the rents are going higher and housing is not affordable. With wfh option is it good idea to love to ranch with house?

Anyone here invested or opted as primary living place outside of cities?

Cheers

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What is the term for giving your home buyers a credit for immediate renovations they will have to do before or upon moving in? And how does it affect the seller?

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Buying a new construction single fam house in PA suburbs. Already Signed the contract and Looking for a lender with lower interest rate. Anyone come across comparable lower IR lenders? Any insight is appreciated! :)

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How did you decide where to live? Have a young family, working remote, and currently living in a city. Looking to move to the suburbs but a bit overwhelmed with the number of options. Also struggling since we don’t live close to family and don’t like the areas family members currently live in.

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Looking for an NJ store selling hardwood flooring that has a decent selection and not too lengthy delivery times.
Everyone seems to have a 4 week wait for hardwood. Any help is appreciated.

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At what income level should one be comfortable to spend 2400/mo on rent in HCOL? Assuming single, no kids, no debt or major expenses.

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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)

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Hey everyone, curious about pros/cons and profitability of renting out a unit long term vs AirBnB. Let’s say it’s a condo downtown in a big city, how do you figure out what’s the better option?

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How much should I invest in buying a HOME as my primary residence.

Current TC: 200k
Net worth: 300k, readily available 170k in stocks, hysa and cash
Current rent: 2000 per month
Age: 30

Wonder if anyone has any excel model or a rule to determine how much I can afford or should go for?

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Is it common for HOA to ask you to prove your car registration is up to date?

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(1/2) People who work in the Bay Arae peninsula (Menlo Park) and live in the east bay- which is a good place to buy a house, upcoming, easy to rent or Airbnb in case I have to move back to my country! Prefer single family home as young as possible.
1- brentwood
2- Pleasanton
3- Dublin (expensive)
4- San Ramon (very expensive)
5- what else?

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Hi - any good books recommendations for getting started on real estate investing?

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Looking to buy a vacation home on the west coast not in a major city. West coast so it doesn’t take too long to get there. Could consider other areas, but don’t want to spend too much time traveling there. Budget is under $700k for 3 bedroom, at least 2k sqft. Any ideas?

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

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From a financial standpoint in this market, which would be a better approach in Austin -

1. Buy a ~8-850k house that meets most of our ideal criteria (size, schools, interiors etc) to stay long term

2. Buy a ~5-550k house that’s not ideal with the plan of moving into an ideal home in 4-5 years when kid is ready for school.

How easy is it to get a mortgage for the second home?

Household income - 300k

Happy to add more details as needed

Thanks

Who is still in denial about a housing correction? The Fed just made another .75% increase. Powell said they won’t stop until inflation is 2%. He also said a recession would be better than the consequences of unchecked inflation. He announced he will bring rates to a “restrictive level” until “the job is done”. He said that labor demand needs to soften (ie: layoffs). He very explicitly said he wants to slash demand and that housing needs a “correction”.

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I thought the answer is yes but now double checking. Can we write off the interest we pay on our primary residence mortgage?

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How can I invest in real estate ? Looking for an additional passive income source

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How big is to big for an initial investment property. Theres a 20 SFH portfolio for sale by me for about a mil. Is this to big to start with initially? I'm less worried about the Financials (feel comfortable on that end) and more worried about the managerial aspect.

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Closing on my first home. Advice for anyone with student loans in administrative forbearance per the Cares act: once your offer is accepted have you student loan servicer put your account back in repayment status.

Accounts in forbearance, even administrative forbearance, are calculated at a higher monthly payment by the underwriter.

My fictitious debt to income ratio was too high for them to approve me, and it took seven days for my loan to be officially back in repayment. So just a heads up.

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