3.0.0 2296 2025-05-27T14:16:45Z 2025-05-27T14:16:45Z Senate S S 2023-07-13 118 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred To 2023-07-13T16:15:07Z 118 3564 HR 2023-07-10 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2023-07-13 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2023-07-13 Introduced in Senate IntroReferral 10000 9 Library of Congress B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN N M001198 Sen. Marshall, Roger [R-KS] Roger Marshall R KS 2023-07-13 True T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland 2023-07-13 True H001079 Sen. Hyde-Smith, Cindy [R-MS] Cindy Hyde-Smith R MS 2023-07-13 True M000934 Sen. Moran, Jerry [R-KS] Jerry Moran R KS 2023-07-13 True C001095 Sen. Cotton, Tom [R-AR] Tom Cotton R AR 2023-07-13 True C001056 Sen. Cornyn, John [R-TX] John Cornyn R TX 2023-07-13 True B001261 Sen. Barrasso, John [R-WY] John Barrasso R WY 2023-07-13 True B001305 Sen. Budd, Ted [R-NC] Ted Budd R NC 2023-07-13 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2023-07-13 True C001096 Sen. Cramer, Kevin [R-ND] Kevin Cramer R ND 2023-07-13 True T000250 Sen. Thune, John [R-SD] John Thune R SD 2023-07-13 True R000595 Sen. Rubio, Marco [R-FL] Marco Rubio R FL 2023-07-13 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2023-07-13 True S001217 Sen. Scott, Rick [R-FL] Rick Scott R FL 2023-07-13 True R000618 Sen. Ricketts, Pete [R-NE] Pete Ricketts R NE 2023-07-18 False Finance and Financial Sector Finance and Financial Sector 2023-08-25T16:15:20Z

00 2023-07-13 Introduced in Senate 2024-04-18T12:40:08Z <p><b>Middle Class Borrower Protection Act of 2023 </b></p> <p>This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments. These changes, effective May 1, 2023, revised the fee charts that provide percentage adjustments based on a mortgagor's credit score and down payment.</p> <p>The bill reinstates the fee structure that was in place prior to May 1, 2023. </p> <p>The Government Accountability Office (GAO) must report on the changes made by the FHFA. Further adjustments to the fee structure by FHFA are prohibited until 90 days after the publication of the GAO report. </p> <p>After this period, FHFA must follow Administrative Procedure Act requirements when proposing adjustments to the fee structure. </p> <p>The bill also requires that, to the greatest extent feasible, revisions to the fee schedule must be based on risk. </p> <p>Further, FHFA, Fannie Mae, and Freddie Mac are prohibited from imposing any loan-level pricing adjustment fee that is based on the ratio of the debt of the mortgagor to the income of the mortgagor. </p>

Display Title 45 2024-07-24T15:21:04Z Short Title(s) as Introduced 101 2024-05-24T13:37:50Z Introduced in Senate IS Official Title as Introduced 6 2024-04-19T06:11:40Z Introduced in Senate IS Introduced in Senate 2023-07-13T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s2296is/xml/BILLS-118s2296is.xml 2023-07-13 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.