How Shocked are We at Proposed Guidelines

Real Estate Attorney with

To quote the classic Budweiser commercials (prior to the insanity) "Real men (and women) of genius"...what are the feds thinking when they endeavor to create a new mortgage structure in which those borrowers with FICO scores at 620 receive a 1.75% fee discount whereas those with a 740 fico score PAY a 1% fee!  Truly REAL MEN OF GENIUS.

First, FICO is merely an average - an estimate and as we all know, the three credit bureau scores can vary widely.

Who can believe this is acceptable...those with a higher credit risk PAY LESS?? Didn't these idiots learn anything  from the 2008-10 meltdown.  Haven't they learned from subprime car lending which has default rates of around 28%.

Hopefully this will not get any further....this is what happens when idiots rule the roust and there are no consequences to their stupidity, Then again, these are the same idiots that want taxpayers to pay off student ain't the government paying them folks!



Comments (7)

Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

None of us seems to like change very much, and especially with social media for some very specific unknown reason

Apr 21, 2023 11:53 PM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em:

Great information. Thanks for sharing, enjoy your weekend. Bill Salvatore

Apr 22, 2023 05:08 AM
Kat Palmiotti
406-270-3667,, Broker/REALTOR® - Kalispell, MT
Helping your Montana dreams take root

This change makes absolutely no sense.

Apr 22, 2023 05:08 AM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent information. Thank you for sharing. Have a wonderful day and a blessed weekend.

Apr 22, 2023 05:20 AM
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Shocked is not the right word.  Not shocked or surprised at all given everything else. I will leave it right there.  


Apr 22, 2023 04:06 PM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Paddy this makes as much sense as allowing thugs to wreak havoc in our cities and yet we waste time trying to go after a former President for what...  nothing!!!   

Apr 22, 2023 05:15 PM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

Bad is the new GOOD

Good is the new BAD

Success is the new FAILURE

Failure is the new SUCCESS

The new normal is eating away your safety, security, and sanity.

Apr 23, 2023 09:04 PM