Quantcast

South OC Times

Saturday, November 23, 2024

Young Kim Applauds Reversal on FHFA Changes to Hike Fees for Homebuyers

Yang

Representatives Young Kim | Representatives Young Kim Official website

Representatives Young Kim | Representatives Young Kim Official website

Washington, DC – On May 11, U.S. Representative Young Kim (CA-40) applauded the decision by the Federal Housing Finance Agency (FHFA) to rescind changes to its upfront Debt-to-Income fee that would force homebuyers to pay more.

“FHFA’s absurd changes to debt-to-income ratio-based fees had the potential of hurting future homebuyers,” said Kim. “Policies should empower Americans to achieve their American dream. Unfortunately, the Biden administration seems to not be able to help themselves from implementing more spending and more regulations that keep the American dream out of reach. I’m glad the FHFA has reversed course on this proposal, and I will keep working on the Financial Services Committee to conduct oversight on federal agencies and expand opportunities for all Americans.”

Economy

Original source can be found here.

ORGANIZATIONS IN THIS STORY

!RECEIVE ALERTS

The next time we write about any of these orgs, we’ll email you a link to the story. You may edit your settings or unsubscribe at any time.
Sign-up

DONATE

Help support the Metric Media Foundation's mission to restore community based news.
Donate

MORE NEWS