No, Biden isn’t forcing homebuyers with good credit to pay more than borrowers with bad credit

Changes in the mortgage industry, due to take effect May 1, are aimed at reducing the fees (some would call them ‘penalties’) for buying a home with bad credit.

Commentators on some news outlets that shall remain nameless (hint: one just paid $787.5 million to settle a defamation lawsuit) have been warning lately about a new Biden administration rule that supposedly penalizes homebuyers with excellent credit scores while also “incentivizing” bad credit.

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