Federal · H.R. 3564 · 118th Congress
H.R. 3564
This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments. These changes, effective May 1, 2023, revised the fee charts that provide percentage adjustments based on a mortgagor's credit score and down payment.
First two sentences of the Congressional Research Service's summary · Congress.gov ↗
This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments.
Passed the House on Jun 23, 2023. Waiting on the Senate.
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First two sentences of the Congressional Research Service's summary · Congress.gov ↗. A plain-words version comes later. Official page ↗
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Latest final vote: Passed · U.S. House · Jun 23, 2023
Official record ↗Constitution
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All votes
By party
| Party | Yes | No | Present | Not voting |
|---|---|---|---|---|
| Republican | 181 | 0 | 0 | 4 |
| Democratic | 11 | 159 | 0 | 7 |
| Democrat | 0 | 6 | 0 | 0 |
| Independent | 1 | 0 | 0 | 0 |
By state (48)
| State | Yes | No | Present | Not voting |
|---|---|---|---|---|
| AL | 5 | 1 | 0 | 0 |
| AR | 4 | 0 | 0 | 0 |
| AZ | 5 | 1 | 0 | 1 |
| CA | 12 | 39 | 0 | 0 |
| CO | 1 | 4 | 0 | 0 |
| CT | 0 | 5 | 0 | 0 |
| DE | 0 | 1 | 0 | 0 |
| FL | 18 | 6 | 0 | 0 |
| GA | 7 | 4 | 0 | 0 |
| HI | 0 | 2 | 0 | 0 |
| IA | 4 | 0 | 0 | 0 |
| ID | 2 | 0 | 0 | 0 |
| IL | 2 | 14 | 0 | 1 |
| IN | 5 | 2 | 0 | 0 |
| KS | 3 | 0 | 0 | 0 |
| KY | 4 | 1 | 0 | 1 |
| LA | 4 | 1 | 0 | 0 |
| MA | 0 | 6 | 0 | 3 |
| MD | 1 | 2 | 0 | 2 |
| ME | 1 | 1 | 0 | 0 |
| MI | 6 | 6 | 0 | 0 |
| MN | 5 | 2 | 0 | 0 |
| MO | 5 | 1 | 0 | 0 |
| MS | 3 | 1 | 0 | 0 |
| MT | 1 | 0 | 0 | 0 |
| NC | 6 | 3 | 0 | 0 |
| NE | 3 | 0 | 0 | 0 |
| NH | 1 | 0 | 0 | 0 |
| NJ | 3 | 6 | 0 | 0 |
| NM | 0 | 3 | 0 | 0 |
| NV | 1 | 3 | 0 | 0 |
| NY | 7 | 12 | 0 | 1 |
| OH | 8 | 5 | 0 | 0 |
| OK | 5 | 0 | 0 | 0 |
| OR | 1 | 3 | 0 | 0 |
| PA | 9 | 6 | 0 | 0 |
| RI | 0 | 1 | 0 | 0 |
| SC | 5 | 1 | 0 | 0 |
| SD | 1 | 0 | 0 | 0 |
| TN | 6 | 1 | 0 | 1 |
| TX | 22 | 10 | 0 | 1 |
| UT | 3 | 0 | 0 | 0 |
| VA | 4 | 3 | 0 | 0 |
| VT | 0 | 1 | 0 | 0 |
| WA | 3 | 5 | 0 | 0 |
| WI | 5 | 2 | 0 | 0 |
| WV | 1 | 0 | 0 | 0 |
| WY | 1 | 0 | 0 | 0 |
The breakdown counts the 369 members whose positions are loaded; the totals above are the official record's.
Party is as each member's record lists it. Counts are of recorded positions, nothing more.
Every member's vote
369 members, by last name.
From the official record of each vote. A member who left office keeps their recorded position; their page shows the years they served.
Money
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History
- Jun 23, 2023U.S. House: On Passage · Passed ↗
- Jun 23, 2023U.S. House: On Motion to Recommit · Failed ↗
- Jun 23, 2023U.S. House: On Agreeing to the Amendment · Failed ↗
Recorded votes on this bill and the final action, as their sources record them. Committee and other steps without a recorded vote aren't listed; the official page has every action.
Final action
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From Congress.gov's record of the bill's actions.
Full text
Official summary (Congressional Research Service)
Middle Class Borrower Protection Act of 2023 This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments. These changes, effective May 1, 2023, revised the fee charts that provide percentage adjustments based on a mortgagor's credit score and down payment. (Sec. 2) This section reinstates the fee structure that was in place prior to May 1, 2023. (Sec. 3) Further adjustments to the fee structure by FHFA are prohibited until 90 days after the publication of a report by the Government Accountability Office (GAO) required by section 5 of the bill. After this period, FHFA must follow Administrative Procedure Act requirements when proposing adjustments to the fee structure. This section also requires that, to the greatest extent feasible, revisions to the fee schedule must be based on risk. (Sec. 4) FHFA, Fannie Mae, and Freddie Mac are prohibited from imposing any loan-level pricing adjustment fee that is based on the ratio of the debt of the mortgagor to the income of the mortgagor. (Sec. 5) The GAO must report on the changes to the fees made by the FHFA. (Sec. 7) This section extends through FY2033 the authority of Fannie Mae and Freddie Mac to charge a guarantee fee.
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