Recently, the Biden administration implemented a Federal Housing Finance Agency (FHFA) rule that will force qualified homebuyers with good credit to pay higher mortgage rates and fees to subsidize high-risk borrowers.

The new Biden administration rule went into effect on May 1st and requires homebuyers with credit scores of 680 and above to pay approximately $40 more per month on a home loan of $400,000. This fee shift will result in qualified borrowers being forced to pay thousands in additional fees over the course of the mortgage repayment.

It is unreasonable and downright unfair to force hardworking Americans, who have spent years responsibly building strong credit to subsidize high-risk borrowers. 

As we work to repeal this disastrous policy, we want to hear from you. Do you agree or disagree that qualified homebuyers with good credit should be forced to subsidize high-risk borrowers?