Utah Sens. Mike Lee and Mitt Romney have raised concerns about a new Biden administration policy that will raise mortgage costs for some homebuyers with high credit scores, while lowering costs for buyers with lower credit scores.
WASHINGTON —
The rule changes will mean up to thousands of dollars in savings for some borrowers, while leading to thousands of dollars in higher costs for others."Created as a result of the 2008 financial crisis, the Federal Housing Finance Agency was designed to be nonpartisan," Romney said. "This latest directive from the Biden Administration flies in the face of that.
The letter asks Sandra Thompson, the agency's director, to respond to several questions related to whether the policy will make housing markets more risky and whether her agency asked for comment from the mortgage industry before implementing the changes.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lee Ki Woo Confirmed To Join Honey Lee And Lee Jong Won In New Historical DramaLee Ki Woo Confirmed To Join Honey Lee And Lee Jong Won In New Historical Drama
Read more »
Sen. Mitt Romney frustrated White House won't negotiate on debt ceilingSen. Mitt Romney has once again called on President Joe Biden to engage in debt ceiling talks, saying it was 'frustrating' that the White House has so far failed to negotiate.
Read more »
Mike Lee rallies Senate GOP to oppose debt limit increase without spending cutsSen. Mike Lee said Monday morning that he’s convinced a majority of Senate Republicans will block any vote to raise the nation’s debt ceiling “without substantive spending and budget reforms.”
Read more »
Mike Lee says Senate Republicans will back House GOP in White House debt limit fightSen. Mike Lee (R-UT) said on Sunday that the Senate Republican Conference would work to strengthen House Speaker Kevin McCarthy's (R-CA) negotiating position as he attempts to force President Joe Biden to negotiate a debt limit compromise.
Read more »
Mike Lee leads Senate Republicans in opposing raising of debt ceiling without spending cutsUtah Sen. Mike Lee is leading a coalition of 43 Senate Republicans who say they'll refuse to raise the debt ceiling without budget cuts.
Read more »
Mike McGlone Shares Insight into Next Direction for Bitcoin PriceBloomberg strategist believes Bitcoin may lead risk assets lower if current onslaught is not done yet
Read more »