Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners with Good Credit

A Biden administration rule is set to take effect that will force good-credit home buyers to pay more for their mortgages to subsidize loans to higher-risk borrowers. Experts believe that borrowers with a credit score of about 680 would pay around $40 more per month on a $400,000 mortgage under rules from the Federal Housing […]

Source: Biden Rule Will Redistribute High-Risk Loan Costs to Homeowners with Good Credit

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