HR 2876
118th Congress
House
Finance and Financial Sector
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.
Introduced: April 26, 2023
Introduced by:
Bice, Stephanie I.
Republican
· Oklahoma
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 26, 2023
Referred to the House Committee on Financial Services.
Apr 26, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1