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Punishing Americans With Good Credit
Manage episode 362332191 series 2924973
“Home equity” for most Americans is how much of their home they have currently paid off through their mortgage. But a new rule by the Biden administration cites “equitable and sustainable access to homeownership” as the reason to raise mortgage fees on borrowers with good credit, while making it easier for those with bad credit to get a mortgage they can afford. Host Eric Eggers explores this issue on this episode of The Drill Down.
Learn more about your ad choices. Visit megaphone.fm/adchoices
165 episod
Manage episode 362332191 series 2924973
“Home equity” for most Americans is how much of their home they have currently paid off through their mortgage. But a new rule by the Biden administration cites “equitable and sustainable access to homeownership” as the reason to raise mortgage fees on borrowers with good credit, while making it easier for those with bad credit to get a mortgage they can afford. Host Eric Eggers explores this issue on this episode of The Drill Down.
Learn more about your ad choices. Visit megaphone.fm/adchoices
165 episod
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