Biden Punishes Good-Credit Home Buyers, Forces Them To Subsidize Loans for High-Risk Borrowers

Fact checked

Home buyers with good credit will soon be forced to pay more for their mortgage in order to subsidize the costs associated with higher-risk borrowers, due to a Biden administration rule that is about to take effect.

The changes have been described as unfair and unnecessarily complicated by industry professionals. According to Strategic Wealth Partners CEO Mark Tepper, who appeared on Fox News’ Mornings with Maria, the changes are “socialism for homebuyers.”

“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well,” Ian Wright, a senior loan officer at Bay Equity Home Loans, told the Times. “It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”

Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing Finance Agency that go into effect May 1, costs that will help subsidize people with lower credit ratings also looking for a mortgage, according to a Washington Times report Tuesday.

Yahoo report: The Federal Housing Finance Agency, which oversees federally backed home mortgage companies Fannie Mae and Freddie Mac, has long sought to give consumers more affordable housing options. But those who work in the industry believe the new rules will only serve to frustrate and confuse people.

“This confusing approach won’t work and more importantly couldn’t come at a worse time for an industry struggling to get back on its feet after these past 12 months,” David Stevens, a former commissioner of the Federal Housing Administration during the Obama administration, wrote in a social media post responding to the new rules. “To do this at the onset of the spring market is almost offensive to the market, consumers, and lenders.”

The rules come as the housing market has struggled in the wake of multiple interest rate increases by the Federal Reserve.

Under the new rules, consumers with lower credit ratings and less money for a down payment would qualify for better mortgage rates than they otherwise would have.

Baxter Dmitry

Baxter Dmitry

Baxter Dmitry is a writer at The People's Voice. He covers politics, business and entertainment. Speaking truth to power since he learned to talk, Baxter has travelled in over 80 countries and won arguments in every single one. Live without fear.
Baxter Dmitry


  1. Everyone knows they use reverse psychology to make people fight and work hard and suck to get the loans they really are in business to create anyway.

  2. This CRIMINAL Pervert Did Not Win The Presidency – he Is a Usurper ILLEGALLY Occupying the Office of the President And NOT ONE OF OUR PUBLIC servants or agencies ARE DOING ANYTHING ABOUT IT:

    July 4, 2022

    By Its Silence in Court, Congress Has Legally Admitted Mr. Biden Did Not Win the Presidency

    On December 17, 2020, and again on January 4, 2021, every member of Congress was served with a Petition for Redress of specific violations of the Electors Clause of the U.S. Constitution (Article II, Section 1) that took place in 31 States throughout 2020. One thousand fifty-eight (1058) citizens residing in all fifty States signed the Petition. Congress was asked to refute the facts or direct the 31 States to re-do their elections in keeping with the mandate of the Electors Clause.

    Congress did not respond to either Petition for Redress of the Grievance. Instead, on January 6, 2021, Congress certified the electoral votes of those 31 States, without any investigation, knowing the 401 electors from those 31 States were not Constitutionally chosen and thus no candidate for President and Vice President received a majority of the 538 available electoral votes.

    On February 14, 2021, Robert Schulz, Anthony Futia Jr. and all others similarly situated filed a Complaint in the D.C. District Court against the Congress of the United States. For relief, the Court was asked to direct the House to choose the President, and direct the Senate to choose the Vice President, all in accordance with the terms of the 12th Amendment.

    Congress did not respond to the lawsuit or the Court Summons and made no appearance in either the District Court or the Court of Appeals.

    The lower courts dismissed the case for lack of standing.

    The case reached the U.S. Supreme Court. On June 27, 2022 it was assigned Case No. 21-1593.

    American Jurisprudence 2d (Am Jur 2d) is the legal profession’s leading legal reference.

    According to 32 AMJUR POF 2d 253:

    Silence constitutes admission in civil proceedings when circumstances are such that one ought to speak and does not.

    A party’s silence may be construed for evidentiary purposes as a tacit admission of the facts stated where a statement is made in its presence in regard to facts affecting its rights, and it makes no reply.

    NOTE: Here, a statement in the form of a Complaint with a detailed statement of the facts proving that 63 violations of the Electors Clause occurred in 31 States was served on every member of Congress.

    It is frequently held that evidence of a party’s silence can be introduced as proof of an admission if the following conditions are shown to have existed:

    the statement in question was made in the party’s presence and hearing. NOTE: Every member of the Senate and every member of the House of Representatives along with the Senate Legal Counsel and the Office of General Counsel of the House of Representatives were served with a complete copy of the Complaint, and

    the party was capable of understanding the meaning of the statement, and
    the party had sufficient knowledge of the facts embraced in the statement to reply thereto, and
    the party was at liberty to deny the statement or otherwise respond to it, and
    the statement was made under such circumstances as would naturally call for a reply, and
    the statement was made by a person normally entitled to a reply.

    Here, each of the listed conditions existed. Congress had a duty as a defendant in a court of law to respond to Petitioners’ claims, and it was fully capable of responding to the two principal claims:

    1) that no candidate for President and no candidate for Vice President received a majority (270) of the available 538 electoral votes because 401 votes were cast by Electors from 31 States who were UN-Constitutionally chosen and thus whose votes had no legal force, binding power or validity, leaving only 137 Constitutionally valid electoral votes to be cast, and

    2) that by knowingly certifying the electoral votes cast by Electors who were UN-Constitutionally chosen Congress displaced the power committed by the Constitution to the State Legislatures to determine how votes of presidential Electors are to be obtained.

    There are no issues of fact. Congress’ silence equates to admission.

    we the people foundation dot org

  3. I have news for you; That is not joetado in the picture, its his body double. Look at the teeth and eyes.

    An investigation for the whereabouts of the real biden needs to be opened by the Speaker and remove the biden double. Josef biden is our fake president, but we do not have to abide by executive orders from his body double.

    That puts the Speaker in the whitehouse. Produce the body!!!

  4. Seems “The People’s Voice” Doesn’t Like Or Tolerate The People’s Voice – Comments Disappear.

    • I think that’s Disqus who don’t like disqus sion unless it suits their motivations as totally left wing radicals serving community values from Lenin.

      • It’s not discus moron, it’s the site moderators. I go to several other sites that also use discus and I can post anything I want without the comment being removed.

  5. Regardless even if they don’t default and the bank gets to take their house and sell it as if injured fir lending to people whom they had no expectations to ever fulfill the contract, still Americans don’t own their land.
    You can only get an allodial title in Texas. Unfortunately.

    If you are not a sovereign, you cannot “have” an allodial title. It has to be transferred from another sovereign (the Queen) or sovereignty (Republic of X) to you.

    If you have an allodial title in your land, then you are the sovereign in that land; your government cannot set foot in it without your permission (as you exercise sovereignty over that land,) which constitutes an invasion. You are then free to create your own government, establish an army, etc. You can also establish diplomatic relations with other countries…

    If you can’t be transferred an allodial title, you can always have a slice of an alodium, as the “citizens” of the USA collectively have an allodial title in all the land of the USA, as stated in the Treaty of Paris on 1783. The allodial title was transferred from the “Sovereign of Great Britain” to “the Citizens of the Unites States of America.”
    And “citizens” are owned by the corporate body being the government, so what they own the corporation owns. So they own nothing and are so dumb they don’t even know it Too busy being stupid talking a load of clap trap crap.

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