Just when you think the Biden administration can’t possibly have any more awful ideas, his team rolls out a plan to punish Americans with high credit scores to subsidize high-risk homebuyers.

On Wednesday, The Washington Times reported that starting May 1, Americans purchasing a new home or refinancing their existing mortgage can expect to pay higher mortgage rates and monthly fees if they have a higher credit score. Americans with lower credit scores and smaller down payments will be given better rates. In other words, Biden is essentially stealing from the rich to give to the needy by adjusting the fees on loan-level price adjustments.

“The changes do not make sense,” senior loan officer at Bay Equity Home Loans Ian Wright told the Times. “Penalizing borrowers with larger down payments and credit scores will not go over well. It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”

It makes sense if you are a member of the Biden administration. In the name of equity, the Biden administration seeks to close the racial gap in homeownership. To do this, they are enacting numerous changes to the housing market that will benefit those at the lower end of the spectrum — which tend to be minorities for a variety of reasons.

So, according to The New York Post, industry experts say that its going to wind up backfiring.

“It’s going to be a challenge trying to explain to somebody that says, ‘I worked my whole life for high credit and I’ve put a lot of money down and you’re telling me that’s a negative now?’ That’s a hard conversation to have,” one expert told the Post.

Even former Obama officials are sounding the alarm.

“It’s unprecedented,” David Stevens, Federal Housing Administration commissioner under President Barack Obama, told the Post. “My email is full from mortgage companies and CEOs [telling] me how unbelievably shocked they are by this move.”

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The push to put “riskier mortgages” in the hands of those who couldn’t otherwise afford homes also could cause disruption should a recession hit — which the Federal Reserve is predicting.

None of this matters to President Joe Biden and his ilk. They never let a bad idea get in the way of equity.

The views expressed in this piece are the author’s own and do not necessarily represent those of The Daily Wire.

Jurors deciding the fate of Lori Vallow Daybell, the Idaho mom accused of killing her two children and fifth husband’s first wife, on Tuesday heard a jailhouse phone call between the accused murderer and her surviving son.

The call, which was recorded in 2020 between Vallow Daybell and her oldest son Colby Ryan from her first marriage, involved accusations from Colby that his mother killed his siblings.

“You murdered my siblings!” Colby said, according to Insider. “I thought I could trust you, I thought that you were a completely different person.”

“I’m sorry you feel that way,” Vallow Daybell replied.

Colby also told Vallow Daybell that he wished he could bash her husband, Chad Daybell, “in the face with a shovel.”

Chad Daybell faces trial later this year for the murder of Vallow Daybell’s daughter Tylee and her adopted son J.J., as well as his ex-wife Tammy.

Vallow Daybell also said during the call that “Tylee and J.J., they know exactly what happened,” adding: “They love me and we will be together forever.”

Colby began yelling at his mother about her husband, Chad, who wrote apocalyptic novels.

“Chad Daybell came into your life and everything changed,” Colby could be heard shouting. “Why are you following Chad Daybell down the rabbit hole?”

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Colby took the stand on Tuesday to testify against his mother, telling the jury about Vallow Daybell’s insurance policies on her ex-husbands Joseph Ryan (Colby and Tylee’s father), and Charles Vallow, who was reportedly shot to death by Vallow Daybell’s deceased brother, who claimed self-defense. Colby also testified that he received messages from his younger sister after she disappeared. The messages, he said, didn’t sound like they were from Tylee.

On the jailhouse phone call, Colby mentioned those messages and expressed his feelings to his mother.

“I was deceived and I was broken by my own mother,” he said, according to Insider. “I can’t tell you the amount of pain I have felt.”

“I feel like I could die,” Colby added. “You ripped my heart out.”

Vallow Daybell was once a traditional Mormon, but after meeting Chad, the Idaho mother’s religious views became dark and disturbing, according to Melanie Gibb, a former friend of Vallow Daybell. She testified last week that Lori believed people fell within a scale ranging from “light” to “dark,” who either “signed contracts” with Jesus Christ or Satan.

Vallow Daybell told Gibb in September 2019 that her son had become “dark,” Gibb testified, according to People Magazine. Vallow Daybell reportedly told Gibb that Tylee had become “dark” earlier in the year.

“She let me know that J.J. now had an evil spirit in him,” Gibb testified on Thursday. “She learned it the day before.”

Just two months after Vallow Daybell said J.J. had gone “dark,” the children disappeared and were never seen alive again.

Gibb also testified that Vallow Daybell told her J.J., who was autistic, had become more “difficult” and had allegedly said “I love Satan.”

Lori and Chad are both charged with murdering Vallow Daybell’s children as well as Chad’s ex-wife Tammy.

The pair was charged on May 25, 2021, but the trial is just getting started, 12 News reported. Fremont County Prosecuting Attorney Lindsey Blake opened the state’s case by saying it was all about “money, power, and sex” for Vallow.