'Given the sharp increase in mortgage rates over the last year, no homebuyers should face higher fees,' the NAR said in a letter to the FHFA
PA Treasurer Stacy Garrity blasts Biden's new mortgage rule punishing borrowers with good credit: 'Disaster'
America’s largest trade association is sticking up for homebuyers after the Biden administration enacted new rules that will force borrowers with good credit to subsidize risky mortgages. to the Federal Housing Finance Agency , Kenny Parcell, the 2023 president of the National Association of Realtors , expressed concern over the fees which went into effect on May 1, arguing changes are "unnecessary" and "should be eliminated.
EXPERTS OUTRAGED OVER BIDEN'S NEW MORTGAGE RULE PUNISHING BUYERS WITH GOOD CREDIT: A ‘RECIPE FOR DISASTER’
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