House Passes Bill to Make New Mortgages More Expensive for Low-Wealth Americans
WASHINGTON, D.C. – Today, the U.S. House of Representatives passed H.R. 3564, a bill that would reverse the Federal Housing Finance Agency’s (FHFA’s) recent update to the pricing of home loans that Fannie Mae and Freddie Mac buy. “The FHFA was deliberative and thoughtful in updating the pricing framework for conventional mortgages. The same cannot be said of the House...