Introduced:
Jan 3, 2025
Policy Area:
Finance and Financial Sector
Congress.gov:
Bill Statistics
3
Actions
7
Cosponsors
1
Summaries
6
Subjects
1
Text Versions
Yes
Full Text
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Latest Action
Jan 3, 2025
Referred to the House Committee on Financial Services.
Summaries (1)
Introduced in House
- Jan 3, 2025
00
<p><strong>Responsible Borrower Protection Act of 2025</strong></p><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 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: Intro-H
Jan 3, 2025
Introduced in House
Type: IntroReferral
| Source: Library of Congress
| Code: 1000
Jan 3, 2025
Subjects (6)
Credit and credit markets
Finance and Financial Sector
(Policy Area)
Government National Mortgage Association (Ginnie Mae)
Housing finance and home ownership
Inflation and prices
User charges and fees
Cosponsors (7)
(R-FL)
Jan 14, 2025
Jan 14, 2025
(R-IL)
Jan 3, 2025
Jan 3, 2025
(R-MO)
Jan 3, 2025
Jan 3, 2025
(R-TX)
Jan 3, 2025
Jan 3, 2025
(R-VA)
Jan 3, 2025
Jan 3, 2025
(R-TN)
Jan 3, 2025
Jan 3, 2025
(R-TX)
Jan 3, 2025
Jan 3, 2025
Full Bill Text
Length: 2,090 characters
Version: Introduced in House
Version Date: Jan 3, 2025
Last Updated: Nov 13, 2025 6:40 AM
[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 53 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 53
To cancel certain proposed changes to credit fees charged by the
Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Biggs of Arizona (for himself, Mr. Ogles, Mr. Burlison, Mr. Weber
of Texas, Mr. Cline, Mr. Bost, and Mr. Cloud) introduced the following
bill; which was referred to the Committee on Financial Services
_______________________________________________________________________
A BILL
To cancel certain proposed changes to credit fees charged by the
Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation, and for other purposes.
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. 53 Introduced in House
(IH) ]
<DOC>
119th CONGRESS
1st Session
H. R. 53
To cancel certain proposed changes to credit fees charged by the
Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Biggs of Arizona (for himself, Mr. Ogles, Mr. Burlison, Mr. Weber
of Texas, Mr. Cline, Mr. Bost, and Mr. Cloud) introduced the following
bill; which was referred to the Committee on Financial Services
_______________________________________________________________________
A BILL
To cancel certain proposed changes to credit fees charged by the
Federal National Mortgage Association and the Federal Home Loan
Mortgage Corporation, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1.
This Act may be cited as the ``Responsible Borrower Protection Act
of 2025''.
SEC. 2.
The Federal Housing Finance Agency and the enterprises (as such
term is defined in
section 1303 of the Federal Housing Enterprises
Financial Safety and Soundness Act of 1992 (12 U.
Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502)) may not
implement the changes to the single-family housing mortgage credit fee
pricing framework of the enterprises announced by the Federal Housing
Finance Agency on January 19, 2023 (``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 such
changes, Lender Letter, and Bulletin shall have no force or effect.
implement the changes to the single-family housing mortgage credit fee
pricing framework of the enterprises announced by the Federal Housing
Finance Agency on January 19, 2023 (``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 such
changes, Lender Letter, and Bulletin shall have no force or effect.
SEC. 3.
This Act may not be construed to prohibit the enterprises from
applying risk-based pricing for credit fees for single-family housing
mortgages.
<all>