Screwing Average Joe
The Young Turks
00:00
The Biden Administration's New Federal Rule Makes It More Expensive to Buy a Home
A new rule by the Biden administration penalizes home buyers who have higher credit scores and pay larger down payments. The policy has to do with something known as loan level price adjustments or LLPAs, which are imposed by Fannie Mae and Freddie Mac. Comes at a time when mortgage rates are already above 6%.
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