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ShowApril 24, 2023
Watch: Crowder And Gerald Explain New Housing Rule That Will Punish Responsible Americans
Crowder kicked off another week of Louder with Crowder with a hot segment on mortgages. Crowder set up the segment by pointing out the new federal housing rule that will punish Americans who have lived their lives in a disciplined way .. The rule will require responsible Americans to pay higher mortgages to offset high-risk lenders.
Crowder then played a clip of Scott Bolden, the former chairman of the D.C. Democratic Party, explaining how this rule is essentially a penalty for good credit and a high down payment. He said he is refinancing two of his properties to avoid the penalty.
Crowder explained the rule will require buyers with a credit score of 680 or more to pay $40 more per month on a $400,000 loan, and the amount increases depending on the size of the loan. Americans who make down payments of 20% on their homes will pay the highest fees. The payments are used to subsidize higher-risk borrows through lower fees.
Gerald then took the reins in a new segment titled, "Gerald Knows Things". He explained this rule basically means higher fees. One of the things when you buy a house, Gerald said, is that your credit score matters, and the line is set at 630. From a financial perspective, 630 is not great. Though this new rule is at 680, Gerald said it is still a tax on the middle class.
Crowder pointed out that, what used to be requirements (a high down payment, a good credit score) are now penalties. Crowder and crew got through a lot more info on this segment, plus AOC's latest communist rant about Tucker Carlson and Fox News. Be sure to tune in to the whole show exclusively on Rumble.
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Lily is a Zoomer college dropout who somehow landed a writing gig here at LwC.com. In her spare time, she enjoys going for runs, touching grass, and occasionally tweeting tweets for fellow tweeters.
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