Federal agency assures no penalty for good credit borrowers with new mortgage fees.

The Federal Housing Finance Agency has clarified that the new mortgage fees will not penalize borrowers with good credit scores and subsidize borrowers with bad credit scores. However, borrowers with higher credit scores may experience modest increases in fees, while those with lower credit scores may experience modest decreases. Some high credit score borrowers may see significant increases, according to Mortgage Loan Officer Al Bingham.