Blocks the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac from putting new mortgage fees on single-family homes.
This bill would stop the Federal Housing Finance Agency, Fannie Mae, and Freddie Mac from putting into place certain new fees on single-family home mortgages. This means people looking to buy a home would not face the specific fee changes announced in January 2023. It would also ensure that lenders can still use risk-based pricing for mortgage fees.
On January 19, 2023, the Federal Housing Finance Agency announced updates to how certain mortgage credit fees are priced. If this bill passes, the agency and major mortgage companies would be legally blocked from putting those specific fee changes into practice. This means those updates would have no legal effect.
HR 53 · 119th Congress · January 3, 2025 · AI Summary by gemini-2.5-flash · 10/10
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