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[Arturo Davila Andino]

Here are the tables, buddy.

Old: https://singlefamily.fanniemae.com/media/33201/display
New: https://singlefamily.fanniemae.com/media/9391/display

For a 5% down payment, these are the "penalties" you are referring to:

Credit Score Old New
≥ 780 0.25% 0.250%
760 – 779 0.25% 0.500%
740 – 759 0.25% 0.625%
720 – 739 0.50% 0.875%
700 – 719 1.00% 1.125%
680 – 699 1.25% 1.375%
660 – 679 2.25% 1.625%
640 - 659 2.75% 1.875%
620 – 639 3.25% 2.250%
< 620 3.25% 2.250%

Where is the 1.5% penalty? Draw your own conclusions. Don't be sheep.

On Fri, Apr 28, 2023 at 8:47 PM Stuart D Gathman <stuart at gathman.org> wrote:

> Wow.  So this Monday a new variation goes into effect forcing banks to
> make
> loans to people who can't afford them.  This time, borrowers with good
> (>680) credit scores pay a 1.5% penalty to subsidize borrowers with poor
> credit
> scores.  This fits the recent narrative that being on time is racist.
> Being on time with payments is therefore punished with fines.
>
> On Mon, 24 Apr 2023, Stuart D Gathman wrote:
>
> > On Sat, 22 Apr 2023, Arturo Davila Andino wrote:
> >
> >>  Redlining was explicitly racist. No amount of correlation between race
> and
> >>  income
> >
> > You didn't notice the "on the other hand".  I was talking about the
> > "redress" to redlining under the Clinton administration.  For that
> > matter, "Affirmative Action" effectively repealed the Civil Rights act.
> >
> >>       >  Federal Housing Administration in the mid-20th century to deny
> >>        loans to
> >>       >  people in certain areas, primarily Black neighborhoods. This
> >>        practice helped
> >>
> >>        On the other hand, making loans to people who couldn't afford
> them
> >>        led to the crash of the mortgage
> system._______________________________________________
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