Biden To Punish Good-Credit Homebuyers To Subsidize High-Risk Mortgages

submitted by Drewski from zerohedge.com

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[–]jibba 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (1 child)

Read the fucking rule yourself, here: https://www.fhfa.gov

You a can also comment on a similar rules, here: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Issues-Notice-of-Proposed-Rulemaking-on-Fair-Lending-Oversight.aspx

THIS is what's happening:

Together, Fannie Mae, Freddie Mac, and the FHLBank System provide more than $8.1 trillion in funding for the U.S. mortgage markets and financial institutions.

But you and the evil GOP disinformation spin factory want to spin that as a bad approach?

[–]Drewski[S] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Obviously some people learned nothing from the 2008 subprime mortgage crisis.

[–]Drewski[S] 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

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