Biden Administration's Mortgage Fee Changes

May 31, 2023

Governor Parson Leads Coalition of Republican Governors in Opposing Biden Administration’s Mortgage Fee Changes

his Administration's new rules that punish responsible homebuyers with increased mortgage fees.  "There is never a good time for bad policy, and this measure by the Biden Administration is certainly bad policy," Governor Parson said. "This backward policy only serves to punish hard-working Americans who follow good financial practices, all while worsening overall housing market conditions. Only the Biden Administration would think it can solve a supply issue by subsidizing demand and bad credit."