New housing rule to cost $14,000

Well, there won't be a great reset, it will be the great collapse instead.

Fannie and Freddie must be released from conservatorship as utilities with 2.5% capital because they are monoline insurers (MBS), not banks. They don’t take interest rate risk, only credit risk, and if the equity capital is set on a risk adjusted basis, they will be able to reduce g-fees charged for mortgage securitization and drop expenses for every borrower based on an economic basis. This new @fhfa rule with loan level price adjustments (LLPAs) that penalize responsible borrowers to subsidize less credit worthy borrowers is an unnatural approach to lower costs and will have unintended consequences. Terrible governing that ignores human incentive structures!

Interesting to consider this is basically the same financial model that the IMF has used to extend loans to Third World countries that can never be paid back, backstopped by American taxpayers. The inevitable bailout is a feature, not a bug

I am gettting ready to be a bad credit person says everyone who has spent their lives doing the right thing? What is the point anymore?

Yes, many have gone that route on income as well -- why not just be a bartender and collect EITC.

@RichardHeartWin It goes in line with everything else this administration stands for. Reward bad behavior and punish people who do right and practice good habits.

I’ve spent 5 years in mortgage and insurance. 15 years in tech. Yes, I dont know everything. What happens next, you ask? Well, I know what I wish would happen next. People would wise up, inform themselves, and put some serious effort into learning #Bitcoin. The financial system is broken. Everyone is saying it. Their monopoly board is rigged and they demonstrate that through continous abuse. Change the money, change the world. Bring back truth to money. #USA #UnitedStates

This regualtion must to be set aside by the court.

Sadly, courts have long accepted housing benefits for low-income. Similar to discriminatory ("progressive") tax rates: should be struck, but are not.

How did this get passed? What bill was this in?

It was an EO. So as unconstitutional as all the others.