Showing posts with label mortgage rates. Show all posts
Showing posts with label mortgage rates. Show all posts

Friday, May 19, 2023

Ministry of Truth Daily Update - 19 May 2023 - Mortgage Equity

 

Mortgage Equity

To level the playing field for historically oppressed low-income homebuyers, those with lower credit scores and down payments are to be preferentially given better borrowing rates than those with high credit ratings and big down payments.  This will assuage the fears of more mortgage defaults, by subsidizing possible higher default rates with larger fees and rates from those who can afford it, who need to pay their fair share. 

More info:  

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