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  • Comment Detail

  • Date: 04/21/23
    First Name: Morgan
    Last Name: Titak
    Email: metitak@gmail.com
    Organization Type: federal government
    Organization: NA

  • Comment

    I am appalled by the new federal rule that will cause homebuyers with a good credit score to have less favorable mortgage terms compared to riskier borrowers, who will get more favorable mortgage terms because their fees will be reduced.

    While I understand this rule's intent, it negatively affects buyers with a good credit score. Additionally, I am aligned with former National Economic Council Director Larry Kudlow's opinion that the "if you can't afford a home, just getting a subsidy one time to get a mortgage, you won't be able to carry it" as we saw in 2008. I strongly believe this rule should be reconsidered.