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Borrower Protection: Cancelling Mortgage Fee Changes

This act aims to block planned changes to mortgage credit fees by Fannie Mae and Freddie Mac. This means citizens applying for single-family home mortgages will not face new, potentially higher fees that were set to be implemented. The act seeks to protect borrowers from additional costs.
Key points
Cancellation of mortgage fee increases: Planned changes to single-family mortgage fees, announced by Fannie Mae and Freddie Mac, will be nullified.
No new costs for borrowers: Citizens applying for a mortgage will not incur additional fees that were intended to be introduced.
Continuation of existing rules: Agencies can still apply risk-based pricing for credit fees, but without implementing the newly announced changes.
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Status:
Expired
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Additional Information
Print number: 118_HR_2928
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-04-27
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Responsible Borrower Protection Act of 2023

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_2928.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-04-27.

What are the main provisions?

Key points include:

  • Cancellation of mortgage fee increases: Planned changes to single-family mortgage fees, announced by Fannie Mae and Freddie Mac, will be nullified.
  • No new costs for borrowers: Citizens applying for a mortgage will not incur additional fees that were intended to be introduced.
  • Continuation of existing rules: Agencies can still apply risk-based pricing for credit fees, but without implementing the newly announced changes.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate Economy