(4/27/23) The new Biden FHA Mortgage Rule will penalize borrowers with "good" credit with a 1% fee to subsidize borrowers with less-than-optimal credit, helping place them into homes they likely cannot really afford (did we not learn this lesson before??) How is this not a violation of the Fair Housing Act of 1968, and discrimination against borrowers w good credit scores? Hosted by RIA Advisors Chief Investment Strategist Lance Roberts, CIO Produced by Brent Clanton, Executive Producer -------- The latest installment of our new feature, Before the Bell | "Microsoft & Apple to Expand Stock Buy-backs?" is here: &list=PLwNgo56zE4RAbkqxgdj-8GOvjZTp9_Zlz&index=1 -------- Here are articles mentioned in today's show: "Sell May In April And Go Away?" https://realinvestmentadvice.com/sell-may-in-april-and-go-away/ ------- Our previous show is here: "Reading Economic Tea Leaves Yields Conflicting Results" &list=PLVT8LcWPeAugpcGzM8hHyEP11lE87RYPe&index=1&t=6s -------- Register for our next Lunch & Learn: "Transitioning to Medicare" https://us06web.zoom.us/webinar/register/7516747839784/WN_yEQ0iBgwQ2WdIexCLAdpPQ ------- Get more info & commentary: https://realinvestmentadvice.com/newsletter/ -------- SUBSCRIBE to The Real Investment Show here: http://www.youtube.com/c/TheRealInvestmentShow -------- Visit our Site: www.realinvestmentadvice.com Contact Us: 1-855-RIA-PLAN -------- Subscribe to SimpleVisor: https://www.simplevisor.com/register-new -------- Connect with us on social: https://twitter.com/RealInvAdvice https://twitter.com/LanceRoberts https://www.facebook.com/RealInvestmentAdvice/ https://www.linkedin.com/in/realinvestmentadvice/ #InvestingAdvice #FHAMortgage #BidenAdministration #Mortgage #GoodCredit #PoorCredit #FairHousingAct1968 #Markets #Money #Investing |
2023-04-26
Using Good Credit to Subsidize Poor Credit
Lance Roberts
"Good Credit" is not a protective class of citizens under federal law so it would be 100% legal to discriminate against them. It is starting to feel like Germany in 1935….
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You can’t fix stupid ..
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Responsible people started subsidizing the irresponsible decades ago. It is a feminine mindset and started after women suffrage. Obamacare was the biggest redistribution to the irresponsible.
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