Congressman John Moolenaar | Wikipedia
Congressman John Moolenaar | Wikipedia
Congressman John Moolenaar has cosponsored legislation to end a new Biden administration regulation that penalizes homebuyers with credit scores above 680.
"The Biden administration is raising mortgage fees for families who played by the rules and saved to buy a home. It is wrong to penalize these hardworking families and make it harder for them to buy a home. That is why I support legislation to stop President Biden's unfair mortgage rule," said Moolenaar.
Today, the Federal Housing Finance Agency's new rule took effect and increased loan-level price adjustments. More information on the Free Market Mortgage Act can be found here.
Original source can be found here.
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