Changes in the mortgage industry, due to take effect May 1, are aimed at reducing the fees (some would call them ‘penalties’) for buying a home with bad credit. Commentators on some news outlets that shall remain nameless (hint: one just paid $787.5 million to settle a defamation lawsuit) have been warning lately about a new Biden administration rule that supposedly penalizes homebuyers with excellent credit scores while also “incentivizing” bad credit.Read Full Story