from The Red Elephants:
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Tag: Yes
Yes, the Government’s New Mortgage Rule Punishes Borrowers With Good Credit Scores (Despite What Fact-Checkers Say)
by Matt Agorist, The Free Thought Project:
(FEE) — The Federal Housing Finance Agency (FHFA) has begun to implement new rules for mortgage borrowers. The result of these new rules is that, everything else held constant, some borrowers with relatively higher credit ratings who make larger down payments on houses will pay higher fees than they did before. Likewise, some borrowers with worse credit ratings who make smaller down payments will pay less.
