H.R. 258 — 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.

This section prohibits the Federal Housing Finance Agency (FHFA) and the enterprises (i.e., Fannie Mae and Freddie Mac) from implementing changes to the single-family pricing framework announced by FHFA on January 19, 2023, in an announcement entitled “FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework,” as set forth in Fannie Mae Lender Letter LL–2023–01 and Freddie Mac Bulletin 2023–1. Those changes, letter, and bulletin have no force or effect. (The single-family pricing framework sets loan-level price adjustments—i.e., upfront fees charged to lenders based on borrower and loan risk factors such as credit score, debt-to-income ratio, and loan-to-value ratio—for mortgages purchased by the enterprises.)