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119-hr-53119th CongressWALLET

Responsible Borrower Protection Act of 2025

Sponsored By: Representative Biggs, Andy [R-AZ-5]

Introduced

Summary

Would block a set of Federal Housing Finance Agency changes that raised upfront fees on many single-family mortgages announced January 19, 2023. It would cancel the specific Fannie Mae lender letter and Freddie Mac bulletin tied to that pricing change while preserving the enterprises' ability to use risk-based pricing.

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

Blocks 2023 mortgage fee rules

If enacted, this bill would stop the Federal Housing Finance Agency and the enterprises (Fannie Mae and Freddie Mac) from using the mortgage credit fee pricing changes announced on January 19, 2023. It would declare Lender Letter LL–2023–01 and Bulletin 2023–1 to have no force or effect. The bill would preserve the enterprises' ability to use risk-based pricing for single-family mortgage credit fees. If your mortgage is sold to or guaranteed by Fannie Mae or Freddie Mac, you and the lenders who sell loans to the enterprises would be affected. Effective upon enactment.

Sponsors & CoSponsors

Sponsor

Biggs, Andy [R-AZ-5]

AZ • R

Cosponsors

  • Rep. Ogles, Andrew [R-TN-5]

    TN • R

    Sponsored 1/3/2025

  • Rep. Burlison, Eric [R-MO-7]

    MO • R

    Sponsored 1/3/2025

  • Rep. Weber, Randy K. Sr. [R-TX-14]

    TX • R

    Sponsored 1/3/2025

  • Rep. Cline, Ben [R-VA-6]

    VA • R

    Sponsored 1/3/2025

  • Rep. Bost, Mike [R-IL-12]

    IL • R

    Sponsored 1/3/2025

  • Rep. Cloud, Michael [R-TX-27]

    TX • R

    Sponsored 1/3/2025

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 1/14/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
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