Federal agency assures good credit borrowers won't be penalized by new mortgage fees.

The Federal Housing Finance Agency (FHFA) has clarified that the new mortgage fees will not penalize borrowers with good credit scores, but different borrowers will experience the changes differently. While some borrowers may experience modest increases, others may experience modest decreases. However, mortgage loan officers believe that some high credit score borrowers will see significant increases. The fees collected will be used to decrease costs for borrowers with limited wealth and income.