Biden mortgage lending policy punishing people with higher credit scores is ridiculous [The Orange County Register]

So, I read this article about Biden’s mortgage lending policy and to be honest, I found it kind of ridiculous. Basically, the policy rewards people with lower credit scores by giving them better options for mortgage loans, while people with higher credit scores get penalized with fewer choices.

Now, I get that the intention is to level the playing field for marginalized communities who historically have had less access to housing loans. But let’s be real, this policy does the opposite. Those who have worked hard to maintain good credit get punished for it.

Personally, I don’t think it’s fair to punish people for being responsible with their finances. I mean, credit scores are there for a reason, right? They’re supposed to reflect your ability to manage money and your financial responsibility.

At the end of the day, the article raises some important questions about how policies like this can impact different groups of people. I think it’s important to have these conversations so we can find ways to address social and economic inequalities without creating new ones.

So, what do you think? Is this policy fair or not? Let me know your thoughts.