Fairness in Borrowing Act of 2023
- Last Action
- 4/27/2023
Actions
- 2023-04-27Referred to the House Committee on Financial Services.
- 2023-04-27Introduced in House
- 2023-04-27Introduced in House
CRS Summary
As of 2023-04-27 (00)
Fairness in Borrowing Act of 2023
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 their January 2023-announced changes to the single-family pricing framework for fees on purchase, rate-term refinance, and cash-out refinance loans. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other factors.
Cosponsors (6)
- Kelly Armstrong (R-ND)
- Stephanie Bice (R-OK)
- Barry Loudermilk (R-GA)
- Nancy Mace (R-SC)
- W. Steube (R-FL)
- Chuck Edwards (R-NC)
Sourced from Congress.gov (public domain).
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