The progressive administration under Joe Biden will penalize homebuyers with good credit ratings by simply changing a rule. They will have to pay fees to subsidize people with poor credit ratings. Republicans will attempt to fight it.

Preceding this, the Obama administration launched the Affirmatively Furthering Fair Housing Act, which Biden has put back into play.

Biden plans to force suburban towns with single-family homes and minimum lot sizes to build high-density affordable housing smack in the middle of their flowery, sprawling neighborhoods. The ultimate goal is to eliminate all zoning [and the single-family home].

It was Obama’s worst idea. It’s a plan to redistribute housing. The left doesn’t like the suburbs because they tend to go Republican.

They hope to extinguish the single-family home.

Gov. Kathy Hochul of New York plans to put up 800,000 low-income apartments in the suburbs of Nassau and Suffolk. She’s been stopped so far but said she will make it happen.

At the same time, apartment buildings are going up everywhere in small villages like Port Jefferson, Long Island. The residents don’t realize that under Agenda 2021 and now Agenda 2030, Port Jefferson was designated an urban area by the UN. The plan is to force Long Islanders into these soon-to-be-established mini-cities. It is happening.

On his last day on air, Tucker Carlson devoted his monologue to the new Biden rule and the Affirmatively Furthering Fair Housing Act.

Following up is the Biden rule to punish people with good credit ratings.

A new federal Biden rule will force homebuyers with good credit scores to pay higher mortgage rates and fees so they can subsidize people with riskier credit ratings who want to buy a home.

It’s wealth redistribution and will be a disaster since risky homebuyers usually default. The feds will also temporarily ignore lenders’ debt-to-income ratio.  It determines if homebuyers can afford to pay their mortgages each month.

The fees are allegedly minimal for now, but you know how that goes.

The fee changes will go into effect May 1 as part of the Federal Housing Finance Agency’s push for affordable housing for risky buyers.

This will affect mortgages originating at private banks across the country. The federally backed home mortgage companies Fannie Mae and Freddie Mac will enact the loan-level price adjustments or LLPAs.