HB9460: Sustainable Homeownership Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to specify requirements with respect to the ownership of certain mortgage assets for the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association, and for other purposes.
Plain-language summary
This bill would change rules for Freddie Mac and Fannie Mae, two government-backed companies that buy and manage home mortgages across the country. The bill specifies new requirements about what types of mortgages these companies can own and hold. These changes would affect how these companies operate and potentially influence which homebuyers can get mortgages. The bill was recently introduced in Congress and is in its early stage.
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HB9460: Sustainable Homeownership Act