HOUSE 3041118th CongressReferred to the House Committee on Financial Services.

Secure Americans from Financial Exploitation (SAFE) Act

Last Action: 5/2/2023

Actions

2023-05-02Referred to the House Committee on Financial Services.
2023-05-02Introduced in House
2023-05-02Introduced in House

CRS Summary

As of 2023-05-02 (00)

Secure Americans from Financial Exploitation (SAFE) Act

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 (1)

DARRELL ISSA (R-CA)

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