Loading chat...
US HB53
Bill
Status
1/3/2025
Primary Sponsor
Andy Biggs
Click for details
AI Summary
-
Cancels the January 19, 2023 FHFA pricing framework changes for single-family mortgage credit fees charged by Fannie Mae and Freddie Mac
-
Nullifies Fannie Mae Lender Letter LL-2023-01 and Freddie Mac Bulletin 2023-1, which implemented the fee structure changes
-
Prohibits the Federal Housing Finance Agency and the enterprises from implementing these specific fee changes
-
Preserves the ability of Fannie Mae and Freddie Mac to continue using risk-based pricing for credit fees on single-family mortgages
-
Introduced January 3, 2025 by Rep. Biggs (AZ) with 6 cosponsors and referred to the House Committee on Financial Services
Legislative Description
Responsible Borrower Protection Act of 2025
Finance and financial sector
Last Action
Referred to the House Committee on Financial Services.
1/3/2025