Responsible Borrower Protection Act of 2025
Sponsored By: Representative Biggs, Andy [R-AZ-5]
Introduced
Summary
Blocks FHFA and the housing enterprises from using the January 2023 mortgage fee increases. This bill would prohibit the Federal Housing Finance Agency and the enterprises Fannie Mae and Freddie Mac from implementing the single-family mortgage credit fee pricing changes announced January 19, 2023. The Lender Letter LL-2023-01 and Bulletin 2023-1 would have no force or effect.
Show full summary
- Families and homebuyers: Would prevent the higher upfront credit-fee percentage adjustments tied to credit scores and other risk factors that were part of the 2023 update.
- FHFA and the enterprises: Would be barred from applying the specific 2023 pricing framework while still able to set risk-based fees for single-family mortgage credit.
- Mortgage lenders: The lender letter and bulletin cited in the 2023 update would not apply, so those updated fee charts would not govern loans delivered to the enterprises.
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Bill Overview
Analyzed Economic Effects
1 provisions identified: 1 benefits, 0 costs, 0 mixed.
Block 2023 fee hikes on Fannie and Freddie loans
This bill would bar FHFA, Fannie Mae, and Freddie Mac from using the January 19, 2023 mortgage fee changes. The Fannie Mae Lender Letter LL-2023-01 and Freddie Mac Bulletin 2023-1 would have no force or effect. This would prevent those specific fee hikes for single-family loans they back. The enterprises could still use risk-based pricing. It would take effect 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
Bost
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