To cancel certain proposed changes to loan level price adjustments by the Federal National Mortgage Association and credit fees charged by the Federal Home Loan Mortgage Corporation.

[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2876 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2876

 To cancel certain proposed changes to loan level price adjustments by 
 the Federal National Mortgage Association and credit fees charged by 
              the Federal Home Loan Mortgage Corporation.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 26, 2023

    Mrs. Bice (for herself, Mr. Meuser, Mr. Donalds, Mr. Mills, Mr. 
Edwards, Mr. Alford, Mr. Fallon, Mr. Duncan, Mr. Kelly of Mississippi, 
 Mr. Norman, and Ms. Greene of Georgia) introduced the following bill; 
       which was referred to the Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
 To cancel certain proposed changes to loan level price adjustments by 
 the Federal National Mortgage Association and credit fees charged by 
              the Federal Home Loan Mortgage Corporation.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. CANCELLATION OF CHANGES.

    The Federal Housing Finance Agency and the enterprises, as defined 
in section 1303 of the Federal Housing Enterprises Financial Safety and 
Soundness Act of 1992 (12 U.S.C. 4502), may not implement the changes 
to the single-family pricing framework announced by the Federal Housing 
Finance Agency on January 19, 2023, in an announcement entitled ``FHFA 
Announces Updates to the Enterprises' Single-Family Pricing 
Framework'', and set forth in Federal National Mortgage Association 
Lender Letter LL-2023-01 and Federal Home Loan Mortgage Corporation 
Bulletin 2023-1, and the changes, Lender Letter, and Bulletin shall 
have no force or effect.
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