Official Summaries

Responsible Borrower Protection Act of 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.

Current Full Text

[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,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Responsible Borrower Protection Act 
of 2025''.

SEC. 2. CANCELLATION OF CHANGES.

    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.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.

SEC. 3. CONTINUATION OF RISK-BASED PRICING.

    This Act may not be construed to prohibit the enterprises from 
applying risk-based pricing for credit fees for single-family housing 
mortgages.
                                 <all>