Middle Class Borrower Protection Act of 2023

This bill requires the Federal Housing Finance Agency (FHFA) to immediately revert to the previous mortgage pricing structure (effective April 30, 2023) by eliminating the "recalibrated" fee system for single-family mortgages. It directly affects lenders and borrowers by banning fees based on debt-to-income ratios and mandating that future fee adjustments must align with risk-based pricing principles. The bill also mandates a 14-month GAO study to analyze the previous pricing changes' methodology, economic impacts on borrowers and lenders, and effects on affordable housing. This reverses recent FHFA policy changes without altering the underlying regulatory framework for mortgage enterprises.