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US HB258
Bill
Status
1/9/2025
Primary Sponsor
Stephanie Bice
Click for details
AI Summary
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Prohibits the Federal Housing Finance Agency (FHFA) from implementing changes to the single-family mortgage pricing framework announced on January 19, 2023
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Nullifies Fannie Mae Lender Letter LL-2023-01 and Freddie Mac Bulletin 2023-1, which contained the pricing framework updates
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Targets loan level price adjustments (LLPAs) charged by Fannie Mae and credit fees charged by Freddie Mac on single-family mortgages
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Declares that the referenced policy changes, lender letter, and bulletin shall have no force or effect
Legislative Description
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.
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
1/9/2025