Political Quotes

“I thank Mr. Davidson for his leadership on trying to correct this egregious policy coming from the Biden administration. The American people are suffering today. They are suffering from Bidenflation, 40-year high inflation. They are suffering under higher grocery prices. They are suffering under high gas prices, higher utility energy prices, all as a result of this President's policies. They are suffering under the massive inflation that has caused housing prices to rise, and then we have complicated that with raising interest rates to make homeownership out of reach for most Americans. Here comes the Biden administration to the rescue. They are going to charge most Americans higher mortgage fees when they go to borrow to buy a home as a result of having good credit. I worked in the lending industry for 17 years. Lending prices and fees are based on credit. They are based on stability. They are based on ability. They are based on the loan to value, the amount of loan that you take relative to the value of the home. The lending industry knows what they are doing. They want to make every possible loan they can make, and they want to price it appropriately, according to the risk. However, what this does, what we are trying to overturn here, what the Biden administration wants to do, is reward or incentivize bad behavior. Credit is a reflection of good behavior. There is not even really a correlation between income and credit.…”