Protects homeowners and promotes affordable housing when government-backed mortgages are sold.
This bill would set new rules for how the government and government-backed companies sell mortgages that homeowners are struggling to pay. It would give priority to non-profits and local governments to buy these loans and properties, and require buyers to offer homeowners help to stay in their homes. This aims to prevent foreclosures and keep housing affordable for more people.
Currently, when the FHA, Fannie Mae, or Freddie Mac sell mortgages where homeowners are struggling to make payments, the process has fewer rules. These rules cover who can buy them and what protections new owners must offer. Foreclosed FHA homes might also go directly to the open market. With this bill, these sales would have strict new requirements. These include more notice and guaranteed access to help for homeowners. There would also be priority for non-profits and local governments to buy these loans and properties for affordable housing purposes.
S 3753 · 119th Congress · January 30, 2026 · AI Summary by gemini-2.5-flash · 8/10
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4 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.