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.

Sponsored byRep. Bice, Stephanie I. [R-OK-5]OK· Introduced 9 January 2025

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Referred to the House Committee on Financial Services.

9 January 2025·1 year ago

Summary

Introduced in House · Updated 28 February 2025

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.

Timeline

3 actions

Referred to the House Committee on Financial Services.
9 January 2025 · IntroReferral
Introduced in House
9 January 2025 · IntroReferral
Introduced in House
9 January 2025 · IntroReferral

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0 cosponsors

Sponsor

Rep. Bice, Stephanie I. [R-OK-5]OK

Classification

Policy area

Finance and Financial Sector

Track 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. as it moves through Congress