The New Biden Regulation That Hurts Housing, Hurt People With Lower Incomes, and Punish Would-Be Home Buyers Who've Been Financially Responsible

President Biden's housing bureaucrats want to boost home ownership of low-income people who have poor credit ratings and don't have the savings to make a customary down payment on a new house. The regulation will hit new home buyers who have achieved a credit rating above 680 with higher monthly fees for subsidizing those with low credit ratings, Steve Forbes says. He adds that government is doing no favors by giving people mortgages they really can't afford. There are better, more direct ways to help people who generally need housing help without punishing responsible people., he writes.