fair to the american people. republicans also worry the rule would reward risky borrowing and lending potentially leading to a repeat of the 2008 housing crash. but the head of that federal housing finance agency is pushing back. she says in a statement out this week in response to the critics to be clear, the series of steps taken by the fhfa to update fannie mae and freddie mac s pricing frame work will bolster safety and soundness. but the country s largest associations for realtors and home builders have major concerns about the rule, which as you mentioned, charles, goes into effect monday may 1. charles: grady, thanks very much. what does my next guest make of this? gary kaltbaum. i don t know. i m getting that feeling again. these easy rates, no money down. but the problem with this one, this time, you re actually punishing people. we re going to punish people who
The point of having good credit is to be rewarded with better treatment and lower rates, right?Well, according to the Washington Times, it now is the opposite. Starting on May 1 under a new Biden rule, Americans with good credit scores will be forced to pay higher mortgage rates than those with poo.