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Post# of 795752
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Robert from yahoo bd

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Robert from yahoo bd

Re: Bostonsesco post# 754942

Wednesday, 05/10/2023 10:04:15 PM

Wednesday, May 10, 2023 10:04:15 PM

Post# of 795752
Today, Sandra backed down from making Primary Mortgage Lenders delivering mortgages with Debt to Income ratio borrowers above 40% pay more to deliver the mortgages to Fannie Mae and Freddie Mac. Earlier in the year she delayed implementation until 2024.

That's a 'yuge' win for the MBA and they are pleased.

The Cross Subsidization of High Risk borrowers by Lower Risk borrowers has been in effect since January 2023, with payments for them coming due May 01, 2023.

So, YES, HARD WORKING, LESS CREDIT RISK AMERICAN FAMILIES ARE SUBSIDIZING HARD WORKING, HIGHER CREDIT RISK AMERICAN FAMILIES.
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