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This New Biden Rule Will Punish Homebuyers With Good Credit

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The Biden administration has raised fees on homebuyers with good credit scores. Ana Kasparian discusses on The Young Turks. Watch TYT LIVE on weekdays 6-8 pm ET. http://youtube.com/theyoungturks/live

Read more HERE: https://www.usatoday.com/story/money/personalfinance/2023/04/23/mortgage-fee-structure-change-may-2023/11713841002/

"If you're looking to buy a home, be aware that mortgages will change next month.

Starting May 1, upfront fees for loans backed by Fannie Mae and Freddie Mac will be adjusted because of changes in the Loan Level Price Adjustments (LLPAs), the fees that vary from borrower to borrower based on their credit scores, down payments, types of home and more. The changes relate to credit scores and downpayment sizes. "*

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230426__TA01CreditScores
Category
Europe
Tags
230426__TA01CreditScores, News, Politics
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