Why is there controversy over mortgage fees?

Why is there controversy over mortgage fees?

A "for sale" sign is posted in front of a home.

Loan-level pricing adjustments are the government's way of raising prices for so-called "riskier" borrowers without putting a penalty on "safer" ones.

 | Lauren Magarino and Emily Sen

In January, the Federal Housing Finance Agency announced a change in the pricing models for new government-backed mortgages.

That change went into effect in May, but not without stirring plenty of controversy.

The policy changes something called...

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China defends close approach to American warship in Taiwan Strait

China defends close approach to American warship in Taiwan Strait

Chinese Defense Minister Gen. Li Shangfu

China said it was responding to a provocation when one of its ships approached a patrol in international waters.

 | Scripps News Staff

A high-level Chinese official defended a close encounter between Chinese and U.S. warships in the Taiwan Strait on Saturday.

A Chinese vessel made a close pass in front of a U.S. destroyer and a Canadian frigate on Saturday as they crossed through...

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A center-entrance colonial-style home.
When it comes to selling your home, the style matters
1/12

A region's popular architectural style is a factor that influences pricing.

 | Mary Chao

A dealership sign is seen outside of Honda certified used car dealership in Schaumburg, Ill.
New report lists the most and least recalled vehicles
2/12

Most new vehicles will have a recall or two in the first few years. But a new report lists some trouble-free brands with few recalls.

 | John Matarese

Hurricane Laura near Lake Charles, Louisiana.
Homeowner insurance rates skyrocket in waterfront areas in the South
3/12

By some estimates, homeowners' insurance in Florida is set to increase by 66% in 2023.

 | Tammy Estwick

Xavier Jones holding a presidential scholarship certificate.
8th grader walks 6 miles to graduation, rewarded with college tuition
4/12

Harris-Stowe State University's president was inspired by an eighth grader's dedication to attend his promotion ceremony.

 | Scripps News Staff

Doughnuts
National Doughnut Day: Get free Krispy Kreme, Dunkin'
5/12

What is your favorite doughnut?

 | Kaitlin Gates

A Ford Bronco sport-utility vehicle
Ford Broncos recalled due to issues trying to use safety belts
6/12

Over 100,000 Ford SUVs were recalled after a safety board said front passengers could get frustrated trying to reach the seat belt.

 | Douglas Jones

Korean bibimbap and kim-chi soup.
Exploring the fusion of Asian cuisine and American culture
7/12

Scripps News looked into why sharing food from another culture can bring people closer together.

 | Jade Merritt

A woman stands on a scale before her flight.
This airline is weighing passengers before flights
8/12

Air New Zealand said the weigh-ins are being conducted for a survey that's required by the Civil Aviation Authority.

 | Scripps News Staff

A person inserts a debit card into an ATM.
Why are younger couples less likely to merge bank accounts?
9/12

A new study looked at what might make a couple more likely to have separate bank accounts.

 | Justin Boggs

Morning rush anchors enjoying the No. 1 burger in America.
Untraditional burgers top Yelp's list of 100 best burger spots
10/12

Many of the spots on Yelp's top 100 burger list serve a new spin on the classic ground beef patty.

 | Scripps News Staff

Airport delays
Here come summer flight delays: How to avoid and handle the headache
11/12

With travel returning to pre-pandemic levels, this summer is expected to see its share of flight delays.

 | John Matarese

Credit cards
US credit card debt nears $1 trillion
12/12

After the pandemic, more Americans have been buying essentials on credit.

 | James Packard

A center-entrance colonial-style home.
When it comes to selling your home, the style matters
A dealership sign is seen outside of Honda certified used car dealership in Schaumburg, Ill.
New report lists the most and least recalled vehicles
Hurricane Laura near Lake Charles, Louisiana.
Homeowner insurance rates skyrocket in waterfront areas in the South
Xavier Jones holding a presidential scholarship certificate.
8th grader walks 6 miles to graduation, rewarded with college tuition
Doughnuts
National Doughnut Day: Get free Krispy Kreme, Dunkin'
A Ford Bronco sport-utility vehicle
Ford Broncos recalled due to issues trying to use safety belts
Korean bibimbap and kim-chi soup.
Exploring the fusion of Asian cuisine and American culture
A woman stands on a scale before her flight.
This airline is weighing passengers before flights
A person inserts a debit card into an ATM.
Why are younger couples less likely to merge bank accounts?
Morning rush anchors enjoying the No. 1 burger in America.
Untraditional burgers top Yelp's list of 100 best burger spots
Airport delays
Here come summer flight delays: How to avoid and handle the headache
Credit cards
US credit card debt nears $1 trillion

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