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Tag: good credit

Chairman Michael Dean Crapo of the US Senate Committee on Banking, Housing, and Urban Affairs holds an oversight hearing to examine housing regulators on June 9, 2020 in Washington, DC. - Ben Carson and Mark Calabria, Director of the Federal Housing Finance Agency, testified before the committee on the topic of federal housing regulations. (Photo by Astrid Riecken / POOL / AFP) (Photo by ASTRID RIECKEN/POOL/AFP via Getty Images)

GOP bill to repeal mortgage rate hike for homebuyers with good credit scores

Biden’s new federal housing rule will mandate homebuyers with good credit scores to pay higher mortgage rates and fees

Read More GOP bill to repeal mortgage rate hike for homebuyers with good credit scores
President Joe Biden delivers remarks on the COVID-19 response and the vaccination in the East Room at the White House in Washington, DC on May 17, 2021. (Photo by Nicholas Kamm / AFP) (Photo by NICHOLAS KAMM/AFP via Getty Images)

New Biden rule will redistribute high risk loan costs to homeowners with good credit

A new Biden administration rule that is set to go into effect will force homeowners with good credit to pay more on their mortgages in order to subsidize loans to high-risk borrowers.

Read More New Biden rule will redistribute high risk loan costs to homeowners with good credit
SpaceX and Tesla founder Elon Musk participates in a town hall-style meeting to promote early and absentee voting at Ridley High School on October 17, 2024 in Folsom, Pennsylvania. (Photo by Anna Moneymaker/Getty Images)
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