Close Menu
USA JournalUSA Journal
  • Home
  • POLITICS
  • GOVERNMENT
  • COURT
  • CONGRESS

Trump’s Latest Moves Have Dems Quaking In Their Shoes – He’s Not Playing

‘Go Away’: Democrats Dump On Joe Biden After Latest On-Air Disaster

US Attorney Habba Provides Huge Update Following ICE Arrest Of Top Dem

Facebook X (Twitter)
USA JournalUSA Journal
  • Home
  • POLITICS
  • GOVERNMENT
  • COURT
  • CONGRESS
USA JournalUSA Journal
Home»GOVERNMENT»Dozens of states assail Biden’s ‘equity’ mortgage policy and predict ‘disaster’ for punishing people with good credit

Dozens of states assail Biden’s ‘equity’ mortgage policy and predict ‘disaster’ for punishing people with good credit

By Jack DavisMay 1, 2023Updated:April 24, 2024 GOVERNMENT
Facebook Twitter Email Copy Link

Joe Biden has taken ‘woke equity’ to a whole new level, and has sparked a huge backlash from a majority of states in the process.


Originally published by WND News Center. Used with permission.


Officials from dozens of states have written to Joe Biden insisting that he drop a new program that punishes good-credit homebuyers – for having good credit.

“It is already clear that this new policy will be a disaster,” warned a letter that was organized by Pennsylvania Treasurer Stacy Garrity.

It went to Biden and FHFA chief Sandra Thompson.

“It amounts to a middle-class tax hike that will unfairly cost American families millions upon millions of dollars. And – at a time when the real estate market has already slowed considerably due to high-interest rates – it will further depress home sales.”

They said “immediate action” is required to end what they called Biden’s “unconscionable policy.”

A report from Fox Business explains Biden’s scheme, announced by the Federal Housing Agency to take effect this week, would force “people with good credit scores to pay more each month for their mortgages.”

That money, by the feds, then would be “credited to the loans of higher-risk borrowers.”

The plan to punish credit-worthy borrowers across America has actually been criticized by leaders in both parties already.

The new letter is from treasurers and other finance officials in 27 states: Alabama, Alaska, Arizona, Arkansas, Florida, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Mississippi, Missouri, Nebraska, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Pennsylvania, South Carolina, South Dakota, Texas, Utah, West Virginia, Wisconsin and Wyoming.

The officials warned Biden his plan would “take money away from the people who played by the rules and did things right – including millions of hardworking, middle-class Americans who built a good credit score and saved enough to make a strong down payment.”

The report described Biden’s agenda as the “forced subsidization of risky loans.”

Is Pam Bondi doing a good job?*
This poll subscribes you to our free newsletter. Unsubscribe any time.
This field is for validation purposes and should be left unchanged.






RSS Breaking News and Politics
  • DHS’s Noem Drops Bombshell On Democrats Who Stormed ICE Facility In New Jersey
  • Trump’s DoJ Makes New Move Against NY Attorney General Letitia James
  • Trump Just Did The One Thing That Will Infuriate Barack Obama
  • Another Democrat Judge Arrested – The Charges Will Infuriate You
  • Contact
  • About
  • Privacy
  • Terms of Use
  • Cookie Policy
  • News & Politics
  • Sitemap
USA Journal Friends
Trending News
Conservative Hollywood Blog
© 2025 USA Journal.

Type above and press Enter to search. Press Esc to cancel.