CONGRESS FOR VOTERS

RepublicanBill · H.R. 258· House(119-HR-258)

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.

Rep. Bice
Age: 53 years
Oklahoma
Introduced
1/9/2025
Last activity
1/9/2025 — Referred to the House Committee on Financial Services.
Sponsored by
Stephanie Bice
Cosponsors
None
Finance and Financial Sector
  1. Introduced
  2. In Committee

What this bill would do

This bill aims to cancel specific proposed changes to loan level price adjustments and credit fees. These changes were announced by the Federal Housing Finance Agency on January 19, 2023. The target of this cancellation includes the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation. By passing this, the changes set forth in certain lender letters and bulletins will have no force or effect.

Yes· 3 of 8

  • Does this make housing cost less?+5

    By canceling price adjustments and credit fee increases, the bill helps maintain more affordable mortgage pricing for homebuyers.

  • Would households on low incomes be better off under this?+3

    The bill prevents increases in mortgage pricing and fees that could disproportionately affect low-income homebuyers.

  • Would middle-income households be better off under this?+3

    Preventing higher loan-level price adjustments helps middle-income families maintain more stable mortgage costs.

The opposite

No question was scored the opposite.