ERIC SCHMITT, Senator for Missouri

WASHINGTON – Today, Senator Eric Schmitt released the following statement on President Biden’s proposed mortgage rule that aims to punish responsible Americans in order to subsidize high risk loan borrowers:  

“Joe Biden’s war on merit is destroying the American Dream for those who have worked hard, saved, and built good credit. This upside-down mortgage policy makes no economic sense for lenders, is fundamentally unfair, and punishes hard working folks who are just trying to play by the rules. In the end, this is pure unadulterated socialism. This rule underscores how detached from reality Joe Biden is when it comes to working class Missourians,” said Senator Eric Schmitt.    


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