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.
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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