Responsible Borrower Protection Act of 2025

Bill: 119-hr-53
Sponsor: full_name: Rep. Biggs, Andy [R-AZ-5]
Introduced: 2025-01-03
Policy area: Finance and Financial Sector
Subjects: Credit and credit markets

Government National Mortgage Association (Ginnie Mae)

Housing finance and home ownership

Inflation and prices

User charges and fees
Latest action: action_date: 2025-01-03
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2025-01-03
action_desc: Introduced in House
text: <p><strong>Responsible Borrower Protection Act of 2025</strong></p><p>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.&nbsp;Overall, these changes increase the percentage adjustments, with variations based on the particular risk profile of the loan.</p>

tv_txt: I 119th CONGRESS 1st Session H. R. 53 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.

1. Short title This Act may be cited as the Responsible Borrower Protection Act of 2025 . 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. 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.