{"id":4549,"date":"2023-06-29T12:02:24","date_gmt":"2023-06-29T16:02:24","guid":{"rendered":"https:\/\/greatamericanewsdesk.com\/?p=4549"},"modified":"2023-06-29T12:02:25","modified_gmt":"2023-06-29T16:02:25","slug":"boebert-moves-to-block-biden-scheme-to-hike-your-mortgage-if-you-have-good-credit","status":"publish","type":"post","link":"https:\/\/greatamericanewsdesk.com\/opinion\/boebert-moves-to-block-biden-scheme-to-hike-your-mortgage-if-you-have-good-credit\/dferguson\/2023\/06\/","title":{"rendered":"Boebert Moves to Block Biden Scheme to Hike Your Mortgage if You Have Good Credit"},"content":{"rendered":"\n<p>A new Biden administration proposal to hike mortgage payments for Americans with good credit, to subsidize loans for people with bad credit, is running into opposition to Congress.<\/p>\n\n\n\n<p>But is it enough to stop Biden?<\/p>\n\n\n\n<p>The U.S. House of Representatives unanimously passed an amendment from Congresswoman Lauren Boebert (R-CO) \u201crequiring the Government Accountability Office to publish a report on its website exposing the costs and process associated with the Biden administration\u2019s socialist housing policies,\u201d a statement Boebert reports.&nbsp;<\/p>\n\n\n\n<p>The amendment \u201cwill help protect homeowners from Biden\u2019s disastrous scheme to raise fees for people with higher credit scores to subsidize those with lower credit scores,\u201d says Boebert.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Lauren Boebert Defends Homeowners from Biden&#039;s Socialist Agenda\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/4osr-2ZLKLU?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p>\u201c(O)n a $400,000 mortgage, a borrower with a credit score of 680 would be forced to pay $40 more per month to subsidize similar borrowers with worse credit scores,\u201d Boebert reports.<\/p>\n\n\n\n<p>\u201cJoe Biden\u2019s decision to subsidize failure makes more sense when you realize he\u2019s hired Mayor Pete, Karine Jean-Pierre, and Kamala Harris. Raising housing fees at a time when mortgage rates are at the highest level in years thanks to the Biden-Pelosi spending spree will make housing less affordable and result in higher mortgage costs and reduced access to credit for most borrowers who are working hard and doing their best to just get by,\u201d says Boebert.<\/p>\n\n\n\n<p>\u201cMy commonsense amendment provides transparency for the American people and exposes the costs and arbitrary processes used by Biden\u2019s minions to ram through his socialist housing policy that penalizes responsible homeowners to subsidize high-risk individuals,\u201d says Boebert.<\/p>\n\n\n\n<p>\u201cUnelected bureaucrats in Washington should not have the ability to impose these un-American regulations on hardworking middle-class families,\u201d Boebert adds.<\/p>\n\n\n\n<p>\u201cThis is a gross overreach and will ultimately exacerbate the growing inflation problem we have in this country,\u201d Boebert concludes.<\/p>\n\n\n\n<p>Boebert\u2019s amendment \u201crequires the Government Accountability Office to publish a report on its website and publicly disclose to the American people any costs and the process utilized by the FHFA to unilaterally change Loan Level Pricing Adjustment (LLPA) fees and implement Biden\u2019s unfair, socialist housing policy changes,\u201d her office reports.<\/p>\n\n\n\n<p>Boebert\u2019s amendment to Congressman Warren Davidson\u2019s Middle-Class Borrower Protection Act was approved by the House in a unanimous voice vote.&nbsp;<\/p>\n\n\n\n<p>The amended bill passed the House by a 230-189 vote and now goes to the Senate.<\/p>\n\n\n\n<p><strong><em>Opinions expressed by contributors do not necessarily reflect the views of Great America News Desk.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new Biden administration proposal to hike mortgage payments for Americans with good credit, to subsidize loans for people with bad credit, is running into opposition to Congress. But is it enough to stop Biden? The U.S. House of Representatives unanimously passed an amendment from Congresswoman Lauren Boebert (R-CO) \u201crequiring the Government Accountability Office to [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":1500,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[247],"tags":[137,108,286,181],"class_list":["post-4549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opinion","tag-biden-administration","tag-economy","tag-lauren-boebert","tag-opinion"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Boebert Moves to Block Biden Scheme to Hike Your Mortgage if You Have Good Credit - Great America News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/greatamericanewsdesk.com\/opinion\/boebert-moves-to-block-biden-scheme-to-hike-your-mortgage-if-you-have-good-credit\/dferguson\/2023\/06\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Boebert Moves to Block Biden Scheme to Hike Your Mortgage if You Have Good Credit - Great America News Desk\" \/>\n<meta property=\"og:description\" content=\"A new Biden administration proposal to hike mortgage payments for Americans with good credit, to subsidize loans for people with bad credit, is running into opposition to Congress. 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