BREAKING: Biden's 'socialist' mortgage plan reversed by GOP bill
Madison Ventures Plus managing director Mitch Roschelle discusses whether a new FHA mortgage plan to help struggling homeowners is a good idea on 'Varney & Co.'President Biden’s controversial mortgage rule.The bill, titled the "Middle Class Borrower Protection Act," passed in the House on a 230 – 189 vote with 14 Democrats joining all Republicans in passing the measure.
"Why would you punish people by making it more expensive for people that have been most responsible? On the credit score piece, it's not even clear that it only helps people who are poor. I mean, there are wealthy people who don't manage their credit well," Davidson said. "I think the president is either unaware of what the policy really does or he's being very disingenuous about the fact that it's going to help the middle class," Emmer said.
House Democratic Minority Leader Hakeem Jeffries speaks at a press conference on the debt limit with Democratic House Whip Katherine Clark and Democratic House Conference Chair Pete Aguilar in Washington, D.C., on May 24, 2023.
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