BIDEN PLAN REWARDS BAD CREDIT AND PENALIZES GOOD CREDIT – Biden’s Federal Housing Finance Agency has announced plans to increase the loan-level pricing adjustment for people with credit at or above 640 to offset the cost of mortgages for people with credit under 640. The more good credit you have, the more you pay. The less good credit you have, the less you pay. A 740 borrower will see their fee quadruple, while a person with a 639 credit will see their credit reduce by two-thirds. GO DEEPER
Related Stories
April 24, 2024
April 23, 2024