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Secure Americans from Financial Exploitation (SAFE) Act

USA118th CongressHR-3041| House 
| Updated: 5/2/2023
Ken Calvert

Ken Calvert

Republican Representative

California

Cosponsors (1)
Darrell Issa (Republican)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Secure Americans from Financial Exploitation (SAFE) Act This bill prohibits the Federal Housing Finance Agency, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from implementing their January 2023-announced changes to the single-family pricing framework for fees on purchase, rate-term refinance, and cash-out refinance loans. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other factors.
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Timeline
May 2, 2023
Introduced in House
May 2, 2023
Referred to the House Committee on Financial Services.
  • May 2, 2023
    Introduced in House


  • May 2, 2023
    Referred to the House Committee on Financial Services.

Finance and Financial Sector

Related Bills

  • HR 118-2928: Responsible Borrower Protection Act of 2023
  • HR 118-2876: 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.
  • HR 118-2960: Fairness in Borrowing Act of 2023

Secure Americans from Financial Exploitation (SAFE) Act

USA118th CongressHR-3041| House 
| Updated: 5/2/2023
Secure Americans from Financial Exploitation (SAFE) Act This bill prohibits the Federal Housing Finance Agency, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from implementing their January 2023-announced changes to the single-family pricing framework for fees on purchase, rate-term refinance, and cash-out refinance loans. The changes revise the fee charts that provide percentage adjustments based on a borrower's credit score and other factors.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
May 2, 2023
Introduced in House
May 2, 2023
Referred to the House Committee on Financial Services.
  • May 2, 2023
    Introduced in House


  • May 2, 2023
    Referred to the House Committee on Financial Services.
Ken Calvert

Ken Calvert

Republican Representative

California

Cosponsors (1)
Darrell Issa (Republican)

Financial Services Committee

Finance and Financial Sector

Related Bills

  • HR 118-2928: Responsible Borrower Protection Act of 2023
  • HR 118-2876: 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.
  • HR 118-2960: Fairness in Borrowing Act of 2023
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted