HR 2960
118th Congress
House
Finance and Financial Sector
Fairness in Borrowing Act of 2023
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 27, 2023
Referred to the House Committee on Financial Services.
Apr 27, 2023
Introduced in House
Plain-English summary
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.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1