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'It's going to hit the consumer hard,' Those with higher credit scores may pay higher mortgage fees
Cbs ^

Posted on 04/25/2023 7:56:25 AM PDT by Red in Blue PA

BOSTON - Changes in the mortgage industry could spell bad news even if you have good credit.

Beginning May 1, some people with higher credit scores may actually end up paying a higher fee while those with lower scores will pay less.

"It's really a big change," explained mortgage loan officer and credit score expert Al Bingham. "It's going to hit the consumer hard when they go to apply for a mortgage."

(Excerpt) Read more at cbsnews.com ...


TOPICS:
KEYWORDS: dystopian; fsa; mortgage
Democrats like to punish those who work and save and reward those who don't.
1 posted on 04/25/2023 7:56:25 AM PDT by Red in Blue PA
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To: Red in Blue PA

Democrats love dead-beats and plans on creating them


2 posted on 04/25/2023 7:58:45 AM PDT by butlerweave
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To: Red in Blue PA

Well then. Charge ten or twenty K on your card and then stop paying.


3 posted on 04/25/2023 8:00:24 AM PDT by fretzer
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To: Red in Blue PA

Another form of student loan forgiveness in action.


4 posted on 04/25/2023 8:00:27 AM PDT by wardamneagle
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To: Red in Blue PA

As always dems reward failure and punish success.


5 posted on 04/25/2023 8:00:39 AM PDT by I want the USA back (No one is assigned sex at birth. One's sex is noted and recorded. My pronouns Haha, hehe, hoho, hoo )
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