H.R. 3564 — what changed
Middle Class Borrower Protection Act of 2023
From Reported in House to Engrossed in House. 1 section amended and 1 added between Reported in House and Engrossed in House.
Sec. 5 GAO study
Study— The Comptroller General of the United States shall conduct a study of the revisions made by the Federal Housing Finance Agency to the standard single-family pricing framework under the recalibrated single-family pricing framework to—
analyze—
the methodology, policy considerations, and any other objectives used by the Federal Housing Finance Agency as the basis for such revisions, including the authority cited by the Director under the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4501 et seq.) to require such revisions;
the data, econometric modeling, and other inputs supplied by the enterprises during the revisions process;
the extent to which such revisions comply with the objectives of the Enterprise Regulatory Capital Framework, including the interaction with and treatment of any private mortgage insurance required in connection with a residential mortgage transaction; and
changed
the economic impact of such revisions on various classes of lenders and borrowers affected by such revisions; andrevisions;
determine the extent to which such revisions—
were conducted on the basis of, and how they might deviate from, the principle of risk-based pricing;
deviate from the data, econometric modeling, and other inputs supplied by the enterprises during the revisions process;
changed
achieve the objectives of the Enterprise Regulatory Capital Framework, including if such revisions have resulted in either a negative profitability gap or negative rate of return on the targeted rate of return on capital for any business segment under the recalibrated single-family pricing framework; andframework;
changed
represent any increased risks to the safety and soundness of the enterprises.enterprises; and
added
assess the benefits that would accrue to first-time, low-income homebuyers based on the recalibrated single-family pricing framework taking effect.
added
assess the impacts that the recalibrated single-family pricing framework taking effect would have on affordable housing preservation, rural housing, and manufactured housing.
changed
Report— The Comptroller General shall submit a report to the Congress setting forth the findings and conclusions of the study study, and make the report publicly available online on a website of the Department, not later than the expiration of the 14-month period beginning on the date of the enactment of this Act.
Sec. 7 Enterprise guarantee fees
addedadded Subsection (f) of section 1327 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4547(f)) is amended by striking “October 1, 2032” and inserting “October 1, 2033”.