119th Congress
H.R. 53
Responsible Borrower Protection Act of 2025
- Introduced
- In committee
- Passed House
- Passed Senate
- To President
- Became law
- Sponsor
- Andy Biggs(R-AZ)
- Introduced
- Jan 3, 2025
- Policy area
- Finance and Financial Sector
- Committees
- House Committee on Financial Services
- Official text
- Introduced in House · Congress.gov page
Cosponsors (7)
Original cosponsors (6)
- Andrew Ogles (R-TN)
- Ben Cline (R-VA)
- Eric Burlison (R-MO)
- Michael Cloud (R-TX)
- Mike Bost (R-IL)
- Randy K. Weber, Sr. (R-TX)
Added later (1)
- Byron Donalds (R-FL) · Jan 14, 2025
Summary
Summary by the Congressional Research Service· describes the “Introduced in House” version
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.
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 3, 2025 · House
Referred to the House Committee on Financial Services. - Jan 3, 2025
Introduced in House