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Stops Increased Mortgage Credit Fees
Recent Bills/Stops Increased Mortgage Credit Fees

Stops Increased Mortgage Credit Fees

IntroducedJanuary 3, 2025
Introduced1 year ago
Intro
House
Senate
Pres
Referred to the House Committee on Financial Services.
More:Recently Introduced BillsHousingHouse Bills
Why This Matters

This bill cancels proposed increases in credit fees for home mortgages, keeping costs stable for borrowers.

If you are buying a home, this bill stops new credit fees from increasing your mortgage costs.
Who this affects
homebuyers · government-backed mortgage companies
What changes is this bill making?
  1. 1This bill prevents new credit fee changes announced in January 2023 from taking effect.
  2. 2The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation will not implement these changes.
  3. 3The bill allows for risk-based pricing to continue for single-family housing mortgages.
  4. 4Homebuyers will not face higher fees due to these canceled changes.
Read the detailed summary

Preventing the Recycling of Immigrants is Necessary for Trafficking Suspension Act or the PRINTS Act This bill addresses migrant minor children entering the United States. Specifically, the bill makes it a crime for a person to knowingly use a minor to gain entry to the United States if the minor is not a close relative or if the person is not the minor’s guardian. In addition, U.S. Customs and Border Protection (CBP) must fingerprint all non-U.S. nationals (aliens under federal law) entering the United States who are younger than 14 years of age if a CBP officer suspects that the child is victim of human trafficking. The Department of Homeland Security (DHS) must share with the Department of Health and Human Services (HHS) any fingerprints collected under this bill from an unaccompanied child if that child is transferred to HHS custody. DHS must report to Congress on the number of children fingerprinted annually under this bill. DHS must also publish on a monthly basis the number of individuals apprehended for falsely claiming a child accompanying them into the United States was a close relative.

Bill Progress1 of 4
Bills must pass the House, Senate, and be signed by the President to become law.
Intro
House
Senate
Pres
IntroducedCurrentJan 3, 2025

Referred to the House Committee on Financial Services.

Sponsors
See all 12 sponsors
House
Senate
President

The President

Joe Biden
46th President
Awaiting Vote
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