US Subsidizes High-Risk Homebuyers, Penalizes Good Credit Ones.

Fannie Mae and Freddie Mac will change loan-level price adjustments (LLPAs) on May 1, which will affect mortgages originating at private banks nationwide, resulting in pricier monthly mortgage payments for most homebuyers. High-credit buyers with scores ranging from 680 to above 780 will see a spike in their mortgage costs, while buyers with credit scores of 679 or lower will have their fees slashed, resulting in more favorable mortgage rates. The Federal Housing Finance Agency's move is part of a housing affordability push, but experts say the fee changes will hurt high-credit buyers.