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 258 blocks the Federal Housing Finance Agency (FHFA) and mortgage giants Fannie Mae and Freddie Mac from implementing proposed changes to loan fees for single-family mortgages. Specifically, it cancels pricing adjustments announced in January 2023, including Fannie Mae's Lender Letter LL-2023-01 and Freddie Mac's Bulletin 2023-1. The bill prevents these changes from taking effect, meaning lenders and borrowers would not face higher fees tied to these proposed adjustments. This directly affects mortgage lenders who work with Fannie Mae and Freddie Mac and homeowners seeking or refinancing single-family mortgages.