Regarding that new rules on mortgage fees some are complaining about

[Andrew Syrios]

I've seen a lot of people on FB complaining about a new rule saying those with a 620 FICO score get a 1.75% discount and those with a 740 FICO score will pay 1%. This sounds really unfair but is misleading. What's happening is that those with a 620 FICO score are getting a 1.75% discount from the previous 3.5% they used to pay. This article breaks it down well for those who are interested: https://www.mortgagenewsdaily....

Here is are the changes:

And here are the total fees now:

While yes, the new rule still means people with higher credit scores will subsidize those with lower ones because those with lower scores go into default more and banks have augmented that risk with these fees. Now those fees are distorted and, in all likelihood, there will be across the board increases in costs to compensate. 

But it isn't nearly as egregious as some are making it out to be so it's important to be precise.