Responsible Borrower Protection Act of 2025

Summary

Responsible Borrower Protection Act of 2025 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 changes to the single-family home loan pricing framework for upfront fees on certain home loans, announced in January 2023. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other risk factors. Overall, these changes increase the percentage adjustments, with variations based on the particular risk profile of the loan.

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Timeline

1. 3 January 2025

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 3 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 January 2025

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

2 official files

• Introduced in House

  Introduced in House · EN · 3 January 2025

  DownloadOpen at official source

• Introduced in House

  summary · EN · 3 January 2025

  Open at official source

Sponsors

• Rep. Biggs, Andy [R-AZ-5] · R · Sponsor
• Rep. Ogles, Andrew [R-TN-5] · R · Sponsor
• Rep. Burlison, Eric [R-MO-7] · R · Sponsor
• Rep. Weber, Randy K. Sr. [R-TX-14] · R · Sponsor
• Rep. Cline, Ben [R-VA-6] · R · Sponsor
• Rep. Bost, Mike [R-IL-12] · R · Sponsor
• Michael Cloud · R · Sponsor
• Rep. Donalds, Byron [R-FL-19] · R · Cosponsor
• · hsba00 · Standing

Related records

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