Erdmann Housing Tracker • 84 implied HN points • 02 May 23
- There was misinformation spread about Biden increasing fees for good credit homebuyers to subsidize those with risky credit scores.
- The misinformation was fueled by cherry-picked data and politically charged language in articles from various news sources.
- The real issue at hand is an actuarial decision about fee structures, and the impact on mortgage access post-Great Recession.