Starting May 1, a new federal rule will force homebuyers with good credit scores to pay higher mortgage rates and fees to subsidize those with riskier credit ratings who are also buying houses.
The Federal Housing Finance Agency’s push for affordable housing has led to the introduction of loan-level price adjustments (LLPAs) that will be enacted by Fannie Mae and Freddie Mac, affecting mortgages originating at private banks across the US.
