Punishing Americans With Good Credit

“Home equity” for most Americans is how much of their home they have currently paid off through their mortgage. But a new rule by the Biden administration cites “equitable and sustainable access to homeownership” as the reason to raise mortgage fees on borrowers with good credit, while making it easier for those with bad credit to get a mortgage they can afford. Host Eric Eggers explores this issue on this episode of The Drill Down.