State should reverse higher mortgage fees
Since May 1, many hardworking middle-class Americans have been paying more to buy a home because of an outrageous new rule imposed by the Federal Housing Finance Agency (FHFA). Instead of rewarding families who play by the rules, the FHFA is now penalizing them with higher mortgage fees. It’s completely backwards. In fact, let’s call it what it is: The FHFA policy is a tax hike that will cost American families millions of dollars. To end these unconscionable fees, the U.S. House passed the Middle Class Borrower Protection Act, H.R. 3564, with a bipartisan vote on June 23. I ...