<div dir="ltr">Here are the tables, buddy.<div><br></div><div>Old: <a href="https://singlefamily.fanniemae.com/media/33201/display">https://singlefamily.fanniemae.com/media/33201/display</a></div><div>New: <a href="https://singlefamily.fanniemae.com/media/9391/display">https://singlefamily.fanniemae.com/media/9391/display</a></div><div><br></div><div>For a 5% down payment, these are the "penalties" you are referring to:</div><div><br></div><div><table border="0" cellpadding="0" cellspacing="0" width="210" style="border-collapse:collapse;width:158pt">
<colgroup><col width="82" style="width:62pt">
<col width="64" span="2" style="width:48pt">
</colgroup><tbody><tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" width="82" style="height:15pt;width:62pt;border:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">Credit
Score</td>
<td class="gmail-xl63" width="64" style="border-left:none;width:48pt;border-top:0.5pt solid windowtext;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">Old</td>
<td class="gmail-xl63" width="64" style="border-left:none;width:48pt;border-top:0.5pt solid windowtext;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">New</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">≥ 780</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.250%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">760 – 779</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.500%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">740 – 759</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.625%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">720 – 739</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.50%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">0.875%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">700 – 719</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.00%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.125%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">680 – 699</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.375%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">660 – 679</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">2.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.625%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">640 - 659</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">2.75%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">1.875%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">620 – 639</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">3.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">2.250%</td>
</tr>
<tr height="20" style="height:15pt">
<td height="20" class="gmail-xl63" style="height:15pt;border-top:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;border-left:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">< 620</td>
<td class="gmail-xl64" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">3.25%</td>
<td class="gmail-xl65" align="right" style="border-top:none;border-left:none;border-right:0.5pt solid windowtext;border-bottom:0.5pt solid windowtext;padding-top:1px;padding-right:1px;padding-left:1px;color:black;font-size:11pt;font-family:Calibri,sans-serif;vertical-align:bottom;white-space:nowrap">2.250%</td>
</tr>
</tbody></table></div><div><br></div><div>Where is the 1.5% penalty? Draw your own conclusions. Don't be sheep.</div></div><br><div class="gmail_quote"><div dir="ltr" class="gmail_attr">On Fri, Apr 28, 2023 at 8:47 PM Stuart D Gathman <<a href="mailto:stuart@gathman.org">stuart@gathman.org</a>> wrote:<br></div><blockquote class="gmail_quote" style="margin:0px 0px 0px 0.8ex;border-left:1px solid rgb(204,204,204);padding-left:1ex">Wow. So this Monday a new variation goes into effect forcing banks to make <br>
loans to people who can't afford them. This time, borrowers with good<br>
(>680) credit scores pay a 1.5% penalty to subsidize borrowers with poor credit<br>
scores. This fits the recent narrative that being on time is racist.<br>
Being on time with payments is therefore punished with fines.<br>
<br>
On Mon, 24 Apr 2023, Stuart D Gathman wrote:<br>
<br>
> On Sat, 22 Apr 2023, Arturo Davila Andino wrote:<br>
><br>
>> Redlining was explicitly racist. No amount of correlation between race and<br>
>> income<br>
><br>
> You didn't notice the "on the other hand". I was talking about the<br>
> "redress" to redlining under the Clinton administration. For that<br>
> matter, "Affirmative Action" effectively repealed the Civil Rights act.<br>
><br>
>> > Federal Housing Administration in the mid-20th century to deny<br>
>> loans to<br>
>> > people in certain areas, primarily Black neighborhoods. This<br>
>> practice helped<br>
>><br>
>> On the other hand, making loans to people who couldn't afford them<br>
>> led to the crash of the mortgage system._______________________________________________<br>
Discuss mailing list<br>
<a href="mailto:Discuss@gathman.org" target="_blank">Discuss@gathman.org</a><br>
<a href="https://gathman.org/mailman/listinfo/discuss" rel="noreferrer" target="_blank">https://gathman.org/mailman/listinfo/discuss</a><br>
</blockquote></div>
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