To cancel recent changes made by the Federal Housing Finance Agency to the up-front loan level pricing adjustments charged by Fannie Mae and Freddie Mac for guarantee of single-family mortgages, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To cancel recent changes made by the Federal Housing Finance Agency to the up-front loan level pricing adjustments charged by Fannie Mae and Freddie Mac for guarantee of single-family mortgages, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Housing, Government Operations.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section H7D4FBBAF803B416F89FE13098FE46555: 1. Short title This Act may be cited as the Middle Class Borrower Protection Act of 2023.
- Section HB7F10BCEDC654BC7A60B2C95BAE6558A: 2. Repeal of recalibrated single-family pricing framework Not later than the expiration of the 60-day period beginning on the date of the enactment of this...
- Section H20298518A4014B06A91501FDEC4419A3: 3. Restrictions on FHFA adjustments to single-family pricing framework During the period beginning upon the date of the revision of the recalibrated...
- Section H05200397185A48D4B16B9DD329479746: 4. Prohibition of loan-level price adjustments based on debt-to-income ratio The Director and the enterprises shall not impose any loan-level pricing...
- Section HFB874F7D57044DF59341DEB3B746B84E: 5. GAO study The Comptroller General of the United States shall conduct a study of the revisions made by the Federal Housing Finance Agency to the standard...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
This bill, To cancel recent changes made by the Federal Housing Finance Agency to the up-front loan level pricing adjustments charged by Fannie Mae and Freddie Mac for guarantee of single-family mortgages, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Housing, Government Operations
Primary Purpose
This bill, To cancel recent changes made by the Federal Housing Finance Agency to the up-front loan level pricing adjustments charged by Fannie Mae and Freddie Mac for guarantee of single-family mortgages, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
Contextual inference, no direct clause citation- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- federal implementing agencies
- financial institutions, investors, and borrowers
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
ReportedReceived; read twice and referred to the Committee on Banking, …
Additional sponsors: Mrs. Kim of California, Mr. Yakym, Mrs. Houchin, …
Reported with an amendment, committed to the Committee of the …
Mr. Davidson (for himself, Mr. Steil, Mr. Lawler, Mrs. Bice, …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "federal_implementing_agencies"
- → Federal agencies assigned duties by the bill
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology