Introduced:
Jan 9, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
3
Actions
0
Cosponsors
1
Summaries
1
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 9, 2025
Referred to the House Committee on Financial Services.
Summaries (1)
Introduced in House
- Jan 9, 2025
00
<p>This bill prohibits the Federal Housing Finance Agency, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac) from implementing changes to the single-family home loan pricing framework for upfront fees on certain home loans, announced in January 2023. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other risk factors. Overall, these changes increase the percentage adjustments, with variations based on the particular risk profile of the loan.</p>
Actions (3)
Referred to the House Committee on Financial Services.
Type: IntroReferral
| Source: House floor actions
| Code: H11100
Jan 9, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 9, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 9, 2025
Subjects (1)
Finance and Financial Sector
(Policy Area)
Full Bill Text
Length: 1,671 characters
Version: Introduced in House
Version Date: Jan 9, 2025
Last Updated: Nov 15, 2025 6:26 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 258 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 258
To cancel certain proposed changes to loan level price adjustments by
the Federal National Mortgage Association and credit fees charged by
the Federal Home Loan Mortgage Corporation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 9, 2025
Mrs. Bice introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To cancel certain proposed changes to loan level price adjustments by
the Federal National Mortgage Association and credit fees charged by
the Federal Home Loan Mortgage Corporation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
[From the U.S. Government Publishing Office]
[H.R. 258 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 258
To cancel certain proposed changes to loan level price adjustments by
the Federal National Mortgage Association and credit fees charged by
the Federal Home Loan Mortgage Corporation.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 9, 2025
Mrs. Bice introduced the following bill; which was referred to the
Committee on Financial Services
_______________________________________________________________________
A BILL
To cancel certain proposed changes to loan level price adjustments by
the Federal National Mortgage Association and credit fees charged by
the Federal Home Loan Mortgage Corporation.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
The Federal Housing Finance Agency and the enterprises, as defined
in
section 1303 of the Federal Housing Enterprises Financial Safety and
Soundness Act of 1992 (12 U.
Soundness Act of 1992 (12 U.S.C. 4502), may not implement the changes
to the single-family pricing framework announced by the Federal Housing
Finance Agency on January 19, 2023, in an announcement entitled ``FHFA
Announces Updates to the Enterprises' Single-Family Pricing
Framework'', and set forth in Federal National Mortgage Association
Lender Letter LL-2023-01 and Federal Home Loan Mortgage Corporation
Bulletin 2023-1, and the changes, Lender Letter, and Bulletin shall
have no force or effect.
<all>
to the single-family pricing framework announced by the Federal Housing
Finance Agency on January 19, 2023, in an announcement entitled ``FHFA
Announces Updates to the Enterprises' Single-Family Pricing
Framework'', and set forth in Federal National Mortgage Association
Lender Letter LL-2023-01 and Federal Home Loan Mortgage Corporation
Bulletin 2023-1, and the changes, Lender Letter, and Bulletin shall
have no force or effect.
<all>