Birdwatch Note Rating
2023-05-04 11:48:27 UTC - HELPFUL
Rated by Participant: 985C06E40C6CA41BA31DF5BD4CBC75A51DE71DC10ACA860EE322982460D746D0
Participant Details
Original Note:
The FHFA announced new pricing. Upfront fees will now be based on "risk characteristics" of the borrowers. Some people with higher credit scores will pay moreĀ in fees. Rumors that Biden was responsible for these changes are not supported by evidence. These were FHFA changes. https://www.snopes.com/news/2023/04/28/biden-mortgage-fees/
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