Biden’s mortgage plan: 2008, but with an inflation crisis

Published April 24, 2023 2:20pm ET



Starting next month, President Joe Biden will borrow from the middle class to pay for homeownership for the financially unreliable. In the name of “equity,” the majority of the mortgage market regulated by the Federal Housing Finance Agency will make prospective buyers with good-to-great credit scores pay more to fund reduced interest rates for those with bad credit scores.

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