Biden Rule Forces Good-Credit Homebuyers to Subsidize Loans to Higher-Risk Borrowers: Good-credit homebuyers will be forced to pay more for their mortgages to subsidize loans to higher-risk borrowers when a Biden administration rule begins to take effect next month. “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, outlined to 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.” “It’s going to be a challenge trying to explain to somebody that says, ‘I worked my whole life for high credit and I’ve put a lot of money down and you’re telling me that’s a negative now?’ That’s a hard conversation to have,” one worried Arizona-based mortgage loan originator told the New York Post. The fee changes for homebuyers are slated to take effect on May 1. Larry Elder Announces Run for President: Conservative talk radio host and former California gubernatorial candidate Larry Elder announced his 2024 presidential campaign on Thursday, joining a growing field of Republican primary candidates. “I am announcing I am running for the presidency of the United States,” Elder said during an appearance on Tucker Carlson Tonight. Elder received more votes than any other candidate during the failed effort to recall California Gov. Gavin Newsom (D) in September 2021. In recent months, Elder has traveled to battleground states like New Hampshire and Iowa to gauge interest in his candidacy. Elder has reportedly met with donors to discuss his campaign as well. “America is in decline, but this decline is not inevitable. We can enter a new American Golden Age, but we must choose a leader who can bring us there,” Elder tweeted. “That’s why I’m running for President.” Elder lists the following issues as his priorities on his campaign website: crime, school choice, racial harmony, crushing inflation, growing the economy, restoring America’s cities, containing China, and securing the border. https://www.breitbart.com/politics/2023/04/20/larry-elder-announces-run-for-president/ Starts @ 2:07 - Fair Use -
