Five in Ten 4/24/23: New Mortgage Rules Penalize Good Credit

New rules on mortgage fees offer discounts to homebuyers with riskier credit histories—discounts subsidized by higher fees on borrowers with better credit.

5) Biden admin has no immediate plan to evacuate US citizens from Sudan; 4) New mortgage rules incentivize riskier mortgages; 3) Biden signs executive order creating White House Office of Environmental Justice; 2) Anglican delegates from 52 countries reject authority of Archbishop of Canterbury; 1) Disneyland’s giant animatronic dragon catches fire.