Summary Notes:
The Biden administration has recently announced a move to lower fees for borrowers with lower credit scores, which has been sensationalized by the media. This move is not raising rates on good credit borrowers, but rather reducing fees for those with lower credit scores. According to a report by the Urban Institute, lower fees could help increase access to credit for borrowers with lower credit scores and improve the overall health of the mortgage market. However, some experts have expressed concerns about potential risks associated with expanding access to credit for borrowers with lower credit scores.
Phillip and Rob discuss this topic on today’s episode.
Timestamps
0:01:13 Exploring the Biden Administration's “Interest Rate Hike” for Well Qualified Buyers
0:03:20 FHA Loan Level Price Adjustment: A Step Towards Affordable Home Ownership
Join the Wealth Building Made Simple Newsletter waiting list: https://www.wealthbuildingmadesimple.us/
Powered by Stone Hill Wealth Management
https://stonehillwealthmanagement.com/
Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
Innovation: The importance of vision in podcasting
Wealth Mindset: Removing stress from the wealth building process
Business: When is the right time to stop doing your own taxes?
Wealth Mindset: How to make success in wealth building feel easy
Real Estate: The benefits of hiring a real estate professional
Building a podcast network around uplifting men
Investing: Passive index investing is becoming much less attractive
Business: Being intentional about the investments you make in your business
Investing: The Root Cause of Big Market Movements
Real Estate: Why HOAs can make or break the home values in a community
The New Corporate Structure for Organizations in the Digital Age
Investing: A short and simple explanation of the current (2023) financial crisis
Why the most successful business owners are masters of cash-flow
Investing: What is a Superchain (on the blockchain)?
Real Estate: New technology for selling your home faster
Wealth Mindset: The New Age of Financial Freedom and Enlightenment
Investing: New NFTs Being Built on Bitcoin
Business: How to improve your financial focus as a business owner
Investing: The Benefits of Automated Rules-Based Financial Systems
Real Estate: How wealth families buy homes
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast