
“Lending” a hand? A look at new mortgage rules
New mortgage lending rules have stirred up a heated debate, with some critics arguing these regulations unfairly target homebuyers with good credit. According to Fox News, under the new rules which took effect May 1, “borrowers with lower credit ratings and less money for a down payment will qualify for better mortgage rates than they otherwise would have, while those with higher ratings will pay increased fees.” Critics of the new rules claim they disproportionately affect, for example, Asian homebuyers, who have the highest credit scores of any demographic group,








