Credit Where Credits Is Due: Can We Families With Bad Credit Buy Homes?

I wrote an editorial at the Washington Times about the upcoming changes to the way some fees are calculated for some mortgages. The original news and buzz about the changes didn’t really make the history behind the proposal very clear; in fact it is hard to understand exactly what’s going on. Simply put, some fees will go up for people with higher credit scores and down for people with lower ones. The changes are the result of Congressional efforts to even the playing field for families, especially Black Americans, who are struggling to become homeowners. The point of my editorial was that penalizing people with good credit isn’t the way to address this problem.

Here’s the history I laid out for the post: