Topic - Federal Housing Finance Agency

"We are pleased that FHFA engaged with industry stakeholders, recognized the negative impacts of the fee, and decided to rescind its implementation," the group said.

Biden administration rescinds part of new mortgage fees for some homebuyers →

"Higher-credit-score borrowers are not being charged more so that lower-credit-score borrowers can pay less. Some updated fees are higher, and some are lower, in differing amounts. They do not represent pure decreases for high-risk borrowers or pure increases for low-risk borrowers," the FHFA said in a statement.

House GOP introduces bill to block Biden's new mortgage fees for good-credit borrowers →