WorldNetDaily 
By Bob Unruh
Joe Biden is announcing a new plan that would force good-credit mortgage borrowers, those who have worked hard to establish credit-worthiness by borrowing and repaying, and borrowing and repaying, to subsidize risky borrowers.
It is the Washington Times that understated, perhaps, that the scheme “punishes” homebuyers with high credit scores and homeowners seeking to refinance.
The new fees are going to hit American consumers in just days, on May 1.
“The changes do not make sense. Penalizing borrowers with larger down payments and credit scores will not go over well,” Ian Wright, of Bay Equity Home Loans in San Francisco, told the Washington Times. “It overcomplicates things for consumers during a process that can already feel overwhelming with the amount of paperwork, jargon, etc. Confusing the borrower is never a good thing.”
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