Freddie Mac-No Politics (FMCC)

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Yet another major bank collapse. First Republic Bank taken over by FDIC and sold to JPM. Largest bank collapse since 2008.

Biden Admin enacts subsidizing high risk mortgages at the expense of those with high credit scores.

A little-noticed revamp of federal rules on mortgage fees will offer discounted rates for home buyers with riskier credit backgrounds — and force higher-credit homebuyers to foot the bill, The Post has learned.

Fannie Mae and Freddie Mac will enact changes to fees known as loan-level price adjustments (LLPAs) on May 1 that will affect mortgages originating at private banks nationwide, from Wells Fargo to JPMorgan Chase, effectively tweaking interest rates paid by the vast majority of homebuyers.

https://nypost.com/2023/04/16/how-the-us-is-subsidizing-high-risk-homebuyers-at-the-cost-of-those-with-good-credit/

It's 2008 deja vous.