Comment Detail
Date: 04/22/23 First Name: CINDY Last Name: STEINMETZ Email: cindysteinmetz2002@gmail.com Organization Type: other Organization: Individual Comment
I'm commenting about the proposal that will penalize Americans who scrimp and save and work their darndest to acheive an excellent credit rating and have a substantial down payment to put down on a property. It appears that these people are going to be highly penalized by paying higher fees and interest rates to subsidize banks who take on "poor credit risk" home loans. It is insanity to penalize people who are doing their best to move forward as responsible fiscal citizens. It smacks of the real estate crisis in the early 2000s where banks made billions in highly risky loans and the nation bailed them out, If you are a risky loan you need to pay a rate which justifies the bank making the loan. Good credit risks and people with high income to debt ratios should not be penalized. Thank you
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