I've looked at the "heat map" and I don't see anything that's inconsistent with a reasoned adjustment still based on risk, deemphasizing credit scores.
There's an explanation that the 760+ and 780+ bands are new, so a drastic increase in the previously highest band makes a lot of sense.
Also if I'm reading that article right, this is actually one time fee. So Reason is completely handwaving it into a monthly fee to conjure large numbers, making the Reason article even worse than it first seemed.
Statements by political bureaucrats being in the language of their party aren't indicative of much. It's the same culture war gobbledygook as the Reason article, just a different flavor.
It is deemphasizing down payment more than credit score, but only for people with good credit.
They are literally telling they world why they made these changes and you are criticizing Reason for taking them at face value.
It's an increase in a 1 time fee rolled into the loan which equates to an increase in the month to month mortgage which is constant. It's perfectly honest to state it how they did.
There's an explanation that the 760+ and 780+ bands are new, so a drastic increase in the previously highest band makes a lot of sense.
Also if I'm reading that article right, this is actually one time fee. So Reason is completely handwaving it into a monthly fee to conjure large numbers, making the Reason article even worse than it first seemed.
Statements by political bureaucrats being in the language of their party aren't indicative of much. It's the same culture war gobbledygook as the Reason article, just a different flavor.