A new federal rule that would charge higher fees to home buyers with good credit to help subsidize those with poor credit goes into effect Monday.
The Federal Housing Finance Agency announced in January it would increase Loan-Level Price Adjustment fees for mortgage borrowers with higher credit scores to help keep fees lower for those with worse credit.
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Joe Biden promises to bring the Obama years back with a vengeance. One thing that’s likely to return is government slush funds for left-wing groups. Unless Trump takes decisive action, one of the biggest piggy banks for the Left will come from the Federal Housing Financial Agency (FHFA).
The Supreme Court on Wednesday will hear Collins v. Mnuchin. The case is a complicated matter that involves government management of Fannie Mae and Freddie Mac and how independent it is from the administration. The federal government placed both under conservatorship—meaning federal management—during the 2008 financial crisis. The agency in control was the Federal Housing Financial Agency. A federal appeals court previously ruled FHFA’s structure unconstitutional.
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