cammy spammy

cute but i cry to music often 🎵 follow back always

[Lance Lambert @NewsLambert]

The average 30-year fixed mortgage rate today: 6.49%

Same day last year: 6.72%

----------------------
10-year Treasury yield today: 4.37%
Spread today: 212 bps

[Mortgage Professional America Magazine @MPAMagazineUS]

Independent mortgage brokers make homeownership accessible for more people. Valerie Saunders highlights how the National Association of Mortgage Brokers champions brokers’ rights and ensures clients have access to competitive lending options.

https://t.co/KNaI0uIxrn

[hunter @hxxntrr]

hospitals charge you $900 for a bag of salt water that costs them $0.86 to make

it's called normal saline. it's literally water and salt mixed in a sterile bag. the manufacturing cost is under a dollar. the hospital charges you $900 because their chargemaster pricing is a made-up document that nobody is supposed to see and nobody is supposed to question

the entire hospital billing system works because patients don't know they can fight it. you get a bill, you feel sick looking at it, you either pay it or ignore it. if you ignore it, the hospital sells it to a collection agency for pennies and now you've got a medical collection on your credit report tanking your score by 50-100 points for the next 7 years

but the billing department sure as shit won't volunteer this information

medical debt under $500 is no longer reported to credit bureaus at all as of 2023. if you have medical collections under $500 still sitting on your report, those are there illegally and can be removed with a single dispute letter

medical debt over $500 cannot be reported until it's been in collections for at least 12 months. if anything shows up on your report before that 12-month window, that's a reporting violation. dispute it. it comes off

it gets better. even for legitimate medical collections over $500 that have been reporting for over a year, most of them are full of errors. wrong dates, wrong balances, wrong account numbers, duplicate entries, debts that were already paid but never updated. medical billing has a 30-80% error rate depending on which study you read. some estimates go higher

the play when you have medical collections on your report:

pull all three bureau reports at https://t.co/h8nrcLATc9. list every medical collection. for each one, send this letter certified mail to the bureau reporting it:

"I dispute the accuracy of the following medical account: [account details]. Under FCRA Section 611, please verify the following: the date of first delinquency, the exact balance owed, the name and address of the original creditor, and proof that this account has not been paid, settled, or included in an insurance payment. Additionally, under the HIPAA Privacy Rule, verify that the reporting of this medical debt complies with all applicable privacy regulations regarding my protected health information."

that HIPAA angle is nasty. collection agencies get nervous when you bring up medical privacy regulations because HIPAA violations carry penalties up to $50,000 per incident. most of the time the debt buyer doesn't even have your original medical records. they bought a spreadsheet with your name and a dollar amount. they can't validate shit

i've seen people clear 4-6 medical collections in one round of disputes. score jumps of 80-120 points in 30-45 days. these are accounts they thought were permanent death sentences on their credit and they disappeared because the collector couldn't produce paperwork they never had in the first place

btw the hospital that charged you $900 for salt water? you can request an itemized bill at any time and dispute individual line items. most people never ask for the itemized version. the hospital sends a summary bill with one big scary number specifically because they don't want you seeing the $47 charge for a single ibuprofen tablet or the $350 "facility fee" for sitting in a waiting room
btw the hospital that charged you $900 for salt water? you can request an itemized bill at any time and dispute individual line items. most people never ask for the itemized version. the hospital sends a summary bill with one big scary number specifically because they don't want you seeing the $50 charge for a single ibuprofen tablet or the $350 "facility fee" for sitting in a waiting room
the whole system survives because people pay without questioning and let collections sit on their reports without disputing. every day you leave a medical collection on your report that you haven't formally challenged is a day you're volunteering to have a lower score than you need to

we dispute medical collections, clean credit reports, and rebuild scores in 30-90 days. if you've got medical debt dragging you down and you want it handled properly, link in bio

[cammy spammy @aaron_hassinger]

@CarlosBolsonaro God Bless him and your family

[cammy spammy @aaron_hassinger]

Realtors: Fannie Mae just updated condo guidelines — investor limits GONE, limited review GONE, reserves now at 15%, stricter deferred maint/safety rules. Conventional condo loans getting tougher!

My Non-QM & portfolio options save deals conventional won't touch!

[cammy spammy @aaron_hassinger]

@TheBrokeAgent Exactly. Story blown out of context like he is some kind of savant.

[cammy spammy @aaron_hassinger]

@SouthFLRealEst8 Sick house!

[cammy spammy @aaron_hassinger]

@patrickbetdavid Theivery!

[cammy spammy @aaron_hassinger]

@realtordotcom Call me to schedule a mortgage consultation and get pre-qualified for this down payment assistance program. 305-741-1698

[Realtor.com @realtordotcom]

Read: https://t.co/aXKa9YLE3k

[Realtor.com @realtordotcom]

Palm Beach County is launching a pilot program offering up to $50,000 in matching funds to help 60 low-to-moderate income households buy a home. The Homebuyer Match Program provides a dollar-for-dollar match on buyers' cash contributions, which can be used toward down payments, closing costs, points buy-down, or minor repairs.

[hunter @hxxntrr]

just check Credit Karma bro your score is fine"

no mf

Credit Karma is free because YOU are the product. they make money by recommending you credit cards you don't need at rates that don't benefit you

the score they show you is VantageScore 3.0. over 90% of lenders don't use VantageScore for decisions. they use FICO. different algorithm. different number. sometimes 50-100 points different

you're walking around thinking you have a 740 and the bank is looking at a 670 and denying you

Credit Karma makes money through affiliate commissions. when you click "see if you're pre-approved" for that Chase card, Credit Karma earns $50-$150 per application. they get paid whether you get approved or not. they get paid whether the card is good for you or not

their business model depends on you feeling confident about a score that doesn't matter so you apply for products through their platform

and those "recommendations" they show you? those aren't the best cards for your profile. those are the cards that pay Credit Karma the highest commission. a card paying them $150 per referral shows up above a card paying $50 even if the $50 card has better terms for you

the actual scores that matter:

mortgage lenders use FICO 2, 4, and 5. the ONLY place to see these is myfico
($39.95/month, cancel after one month) or by requesting a tri-merge report from a mortgage lender

auto lenders mostly use FICO 8 Auto or FICO 2 Auto. different from regular FICO 8. weighted heavier on auto loan history. your bank app might show regular FICO 8 which could be 30-40 points different from the auto score

credit card issuers mostly use FICO 8 Bankcard. again different from the generic FICO 8 on your bank app. weighted heavier on revolving credit history

every lending category uses a different scoring model. and Credit Karma doesn't show a single one of them

what to actually do:

stop checking Credit Karma for anything other than monitoring your report for new accounts (it's fine for that). the score number means nothing for lending decisions

check your actual FICO 8 through your bank or credit card app. most major banks provide it free. Discover gives it to anyone even without an account through their Credit Scorecard tool

if you're planning a major purchase (house, car, business loan) spend $40 on https://t.co/LZPEP93Yqk and check the specific FICO model that lender category uses. one month of data. cancel immediately

if your VantageScore is 740 but your FICO is 670, focus on what FICO penalizes harder than VantageScore: individual card utilization (not just overall), authorized user accounts (FICO gives less weight to these), recently opened accounts (FICO penalizes harder in the first 6-12 months)

Credit Karma has 150 million users who think they know their credit score

most of them have never seen the number that actually decides whether they get approved or denied

you're making the biggest financial decisions of your life based on a number nobody uses

(i fix the scores that actually matter. link in bio)

[Realtor.com @realtordotcom]

February's softer-than-expected jobs report showed rising unemployment and job losses exceeding 90,000, though earnings growth continued modestly. The Federal Reserve is expected to hold rates steady at its March meeting. Mortgage rates ticked up to 6% this week amid Iran conflict concerns, yet they remain substantially below last year's 6.6-6.9% range, providing support for the housing market. New listings climbed in February despite weather headwinds in the Northeast, signaling continued buyer-friendly conditions.

[Pulte @pulte]

The 30 Year Mortgage Rate going BELOW 6%, and now being in the 5%'s, is DIRECTLY because of President Trump's genius move to BUY $200 Billion in Mortgage Bonds and his CRUSHING of inflation. NO OTHER PRESIDENT would have been able to reverse Joe Biden's 8% Mortgage Rate!

[cammy spammy @aaron_hassinger]

@ElephantSignal No

[Pulte @pulte]

Great News! All the more reason to put the American people FIRST!

“Mortgage affordability at four-year high after rates fell in January” https://t.co/cf1DBU1GX1

[cammy spammy @aaron_hassinger]

@RightScopee Hell yes!

[cammy spammy @aaron_hassinger]

@pulte A Polygon study on 2023 HMDA data proves that when consumers use a mortgage broker, they typically save thousands, and almost always have a faster more seamless experience. The study claimed avg savings of $10K-$30K over the life of the loan vs. retail lenders. Brokers = Better

[cammy spammy @aaron_hassinger]

@Philotes88 @pulte A Polygon study on 2023 HMDA data proves that when consumers use a mortgage broker, they typically save thousands, and almost always have a faster more seamless experience. The study claimed avg savings of $10K-$30K over the life of the loan vs. retail lenders. Brokers = Better

[cammy spammy @aaron_hassinger]

@pulte Don’t let the big builders slide on their Respa violations. They are artificially increasing the price of homes through illegal credits.