Responsible Borrower Protection Act of 2025

Bill 119 HR 53, also known as the "Protecting Affordable Mortgages for Veterans Act of 2021," aims to cancel certain proposed changes to credit fees charged by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). These changes were set to increase the fees charged to lenders for certain types of loans, potentially making it more expensive for borrowers to obtain mortgages.

The bill seeks to prevent these fee increases in order to protect affordable mortgage options for veterans and other homebuyers. By canceling the proposed changes, the legislation aims to ensure that Fannie Mae and Freddie Mac continue to provide access to affordable mortgage credit for those in need.

In addition to canceling the fee increases, the bill also includes provisions for other purposes related to mortgage lending. These provisions are aimed at promoting access to affordable housing and ensuring that veterans and other borrowers are not unfairly burdened by unnecessary fees. Overall, Bill 119 HR 53 is focused on maintaining affordable mortgage options for veterans and other homebuyers by preventing proposed fee increases by Fannie Mae and Freddie Mac. The legislation aims to protect access to affordable housing and promote fair lending practices in the mortgage industry.