May 1st Rule

This is a passionate conversation between Jonathan Romero, a mortgage professional at Movement Bank, Paul Durso, and Kyle Morgan discussing the implications of a recent rule change by Fannie Mae and Freddie Mac. They express frustration over how the rule penalizes responsible borrowers with good credit scores and substantial down payments. Jonathan compares the rule to a driver's license point system, illustrating how it disproportionately affects those with good credit. The conversation highlights concerns about the impact on the American dream and questions the reasoning behind the rule change, emphasizing its sudden and sweeping effect on the mortgage industry.