Mar. 24 at 8:00 PM
Senator Josh Hawley, a Republican from Missouri, launches a new investigation into the leading provider of mortgage borrower credit scores, reiterating prior criticism of a "monopoly" he says proves detrimental to aspiring home buyers
He sent letters to
$FICO & the FTC, highlighting repeated price hikes (e.g., a jump from
$3.50 to
$4.95 per score for mortgage originations
--- Yeah, credit bureau fees are preventing home ownership!!!
Look into restrictive local zoning, lengthy permitting, high tariffs on lumber, steel, & aluminum, & low labour-supply (ICE chasing away low-skilled labor)
Eco 101 - lower regulatory burdens & construction costs (labour & materials) = more homes build = lower prices
$EFX $XLF $XLRE