H.R. 258 has not moved since its introduction on Jan 9, 2025, with no cosponsors
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.
Written by the Congressional Research Service [2]. 83 words.
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.
- Committees
- House Financial Services Committee
- Policy area
- Finance and Financial Sector: 53 of 3,256 bills became law, 113th–118th (1.6%)
- Sponsor
- 1 of 77 bills enacted since 2013
- Text versions
- 1: introduced in house · 101 words
- Subjects
- Administrative law and regulatory proceduresConsumer creditGovernment National Mortgage Association (Ginnie Mae)Government corporations and government-sponsored enterprisesHousing finance and home ownershipUser charges and fees
- Latest action
- Jan 9, 2025: Referred to the House Committee on Financial Services.
- Records
- Congress.gov · Bill text
The bill status record lists no related bills.