Experts warn of potential housing crisis under Biden's 'woke capitalism' plan.
Treasury officials from 27 states are pushing back against President Biden’s proposed mortgage rule that would force homebuyers with good credit to pay higher fees to subsidize those who have poorer credit. The policy impacts homebuyers who have a credit score between 740 and 759. The opposing treasury officials wrote a scathing letter condemning the rule, arguing that it will take money away from people who played by the rules and did things right. The proposal has faced pushback from both sides of the aisle, with some warning it could lead to a housing crisis similar to 2008.
