Dallas Ernst Dallas Ernst

Letter to the Editor: Punishing those who do the right thing.

Ronald Reagan called home ownership an “essential part of the American dream.” I believe in the sentiment. That’s why over the course of my career, I’ve helped hundreds of Missourians find a place to call home. What I don’t believe in, is punishing those who do the right thing.

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Dallas Ernst Dallas Ernst

OPINION: Punishing those who do the right thing.

Starting May 1st, the Biden Administration’s Federal Housing Finance Agency will force folks with good credit to pick up the tab for those with high-risk mortgages. Experts say this risk transfer will reduce the purchasing power of homebuyers with good credit by about $40 a month on a $400,000 house. Not only is this a move to pander to the voters that Biden believes he needs to win re-election. It is also a fundamental misunderstanding of why risk is assigned to borrowing.

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