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Middle Class Borrower Protection: Reversing Mortgage Fee Changes and Banning DTI Fees.

This Act reverses recent changes to up-front mortgage guarantee fees (LLPAs) implemented by the FHFA in May 2023, restoring the previous fee structure to protect middle-class borrowers. Crucially, it prohibits the use of a borrower's debt-to-income ratio (DTI) as a basis for imposing these mortgage fees.
Key points
Reversal of mortgage guarantee fee adjustments (LLPAs) implemented in May 2023, restoring the fee structure to what it was before that date, potentially lowering costs for some homebuyers.
Prohibition on charging any mortgage fee based on the borrower's debt-to-income ratio (DTI).
Future fee adjustments must be based strictly on credit risk (credit score and loan-to-value ratio) and follow public administrative procedures.
article Official text account_balance Process page
VOTING RESULTS
2023-06-23
55%
For 230
Against 189
Abstain 0
Full voting results open_in_new
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 118_HR_3564
Sponsor: Rep. Davidson, Warren [R-OH-8]
Process start date: 2023-05-22
Voting date: 2023-06-23
Meeting no: 1
Voting no: 289
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-flash-latest
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Middle Class 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_3564.

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 2023-05-22.

What are the main provisions?

Key points include:

  • Reversal of mortgage guarantee fee adjustments (LLPAs) implemented in May 2023, restoring the fee structure to what it was before that date, potentially lowering costs for some homebuyers.
  • Prohibition on charging any mortgage fee based on the borrower's debt-to-income ratio (DTI).
  • Future fee adjustments must be based strictly on credit risk (credit score and loan-to-value ratio) and follow public administrative procedures.
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

Where is the official voting record?

The official roll call vote is recorded at: voting record

Who is the primary sponsor?

The primary sponsor is Rep. Davidson, Warren [R-OH-8].

What is the latest detailed status?

The latest detailed status is: On passage Passed by the Yeas and Nays: 230 - 189 (Roll no. 289).

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-30.

CATEGORIES

Real Estate Economy