HR 258 · 119th Congress — 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.
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…
- Congress
- 119
- Bill
- HR 258
- Status
- Introduced
- Introduced
- 2025-01-09
- Latest action date
- 2025-01-09
Summary
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.
This summary may describe an earlier version. Check the official record for current wording.
Latest action
Referred to the House Committee on Financial Services.
Sponsors
- Rep. Bice, Stephanie I. [R-OK-5]
Republican · Oklahoma · House District 5 · Republican