High credit score borrowers penalized under new federal mortgage fee plan
Reason Roundup Mortgage borrowers with good credit may face higher costs under a new scheme from federal mortgage associations Fannie Mae and Freddie Mac. The firms have for loans sold to them after May 1, 2023. Under the new matrix, borrowers with high credit scores will face higher mortgage fees than before and those with lower credit scores will face lower fees.
High Credit Score Borrowers Penalized Under New Federal Mortgage Fee Plan
Photo by Andrea Piacquadio on Pexels.com