1. Short title This Act may be cited as the Middle Class Borrower Protection Act of 2023 . 2. Definitions In this Act: (1) Director The term Director means the Director of the Federal Housing Finance Agency. (2) Enterprise The term enterprise has the meaning given the term in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4502 ). (3) Loan-level pricing adjustment fee The term loan-level pricing adjustment fee means an up-front fee paid by lenders when a mortgage loan is acquired by an enterprise. (4) Recalibrated single-family pricing framework The term recalibrated single-family pricing framework means the loan-level pricing adjustment fee structure as referred to in the announcement of the Federal Housing Finance Agency on January 19, 2023, relating to Updates to the Enterprises’ Single-Family Pricing Framework , and set forth in Federal National Mortgage Association Lender Letter LL–2023–01 and Federal Home Loan Mortgage Corporation Bulletin 2023–1. (5) Risk-based pricing The term risk-based pricing means the calibration of fees based on the expected credit losses to an enterprise of each single-family mortgage category as defined by an enterprise based on the credit score and loan-to-value ratio characteristics of a mortgage. (6) Standard single-family pricing framework The term standard single-family pricing framework means the loan-level pricing adjustment fee structure in effect on April 30, 2023. 3. Repeal of recalibrated single-family pricing framework Not later than 60 days after the date of the enactment of this Act, the Director shall revise the recalibrated single-family pricing framework charged by the enterprises for the guarantee of mortgages on single-family housing so that such fees are identical to the fees of the standard single-family pricing framework in effect immediately before May 1, 2023. 4. Restrictions on FHFA adjustments to single-family pricing framework (a) Temporary prohibition on further adjustments to single-Family pricing