Housing across the country

in committee · United States · House Aug 13, 2026

HR 10084: First Time Homebuyer Debt Reduction Act

The First Time Homebuyer Debt Reduction Act directs the Federal Housing Finance Agency to require Fannie Mae and Freddie Mac to treat student loan payments made by third parties toward first-time buyers as financial concessions rather than sales incentives. This classification applies specifically to payments for newly constructed principal residences, allowing these contributions to be counted toward a buyer's down payment or closing costs without triggering penalties associated with seller financing. However, the bill limits this benefit by stipulating that any portion of the student loan payment exceeding $25,000 will still be classified as a sales concession.

Topics ✓ HousingSupports HousingThe bill facilitates first-time homebuying by allowing third-party student loan payments to count toward down payments, directly advancing affordable housing access.95% confidence

Sub-Topics Homeownership Housing Finance Mortgages

Sponsor Jeff Crank (R)

Track

in committee · United States · House Aug 3, 2026

HR 10028: MOVE Act

The MOVE Act directs the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to start buying and bundling specific conventional mortgages within 180 days of the law's enactment. These mortgages must allow homeowners to transfer their loan's interest rate, terms, and balance to a new property within 90 days of selling their current home. By purchasing these loans, the bill aims to create a market for portable mortgages that facilitate easier home sales by preventing rate locks from hindering transactions. The legislation defines eligible loans based on existing standards set by the two government-sponsored enterprises.

Topics ✓ HousingSupports HousingThe bill creates a market for portable mortgages to facilitate easier home sales, thereby supporting housing liquidity and mobility.80% confidence

Sub-Topics Homeownership Mortgages

Sponsor Thomas H. Kean, Jr. (R)

Track

in committee · United States · House Jul 23, 2026

HR 9942: House Our Heroes Act

The House Our Heroes Act expands support for veterans struggling with guaranteed housing loans by allowing the Department of Veterans Affairs to offer educational courses on credit improvement, financial management, and loss mitigation options. Additionally, the bill permits the agency to make partial claims and modify loan terms, such as interest rates and payment schedules, for specific loans that go into default between May 1, 2025, and November 28, 2026. These measures aim to provide more flexible assistance tools to help veterans avoid foreclosure or manage their debts without strictly following previous mandatory procedures.

Topics ✓ HousingSupports HousingBill strengthens housing security for veterans by preventing loan defaults and offering financial management support.85% confidence ✓ VeteransSupports VeteransBill expands VA support for veterans by offering financial education and modifying defaulted loans to prevent housing loss.95% confidence

Sub-Topics Mortgages Veteran Education Veteran Healthcare Veteran Housing

Sponsor Derrick Van Orden (R)

Track

in committee · Michigan · House Jul 14, 2026

HB 6180: Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the Michigan zoning enabling act. Amends sec. 406 of 2006 PA 110 (MCL 125.3406). TIE BAR WITH: HB 6177'26

This bill amends Michigan zoning laws to allow cities to deny zoning permits to individuals who owe fines or court costs from administrative hearings. However, it creates an exemption for specific entities, including government housing agencies, financial institutions, and licensed mortgage servicers, preventing these groups from being blocked due to such delinquencies. The legislation also ensures that a permit cannot be denied if the applicant is trying to fix the specific blight issue that originally caused the unpaid fine. This change aims to prevent financial penalties from hindering the ability of regulated lenders and housing authorities to process necessary zoning requests.

Topics ✓ HousingSupports HousingBill exempts housing agencies and lenders from zoning denials due to unpaid fines, preventing barriers to housing development and protecting essential housing entities.85% confidence

Sub-Topics Community Development Mortgages Zoning

Sponsor Greg Alexander (R) · 3 co-sponsors

Track

in committee · Michigan · House Jul 14, 2026

HB 6177: Financial institutions: mortgage brokers and lenders; residential mortgage licensing and supervision act; establish. Creates new act & repeals (See bill).

HB 6177 establishes the Residential Mortgage Licensing and Supervision Act to create a comprehensive regulatory framework for mortgage brokers, lenders, servicers, and loan originators in Michigan. The bill mandates that these entities and their key personnel obtain state licenses while prohibiting specific unethical conduct related to residential loans. It empowers the Department of Insurance and Financial Services to enforce rules, impose penalties, and appoint conservators when necessary, and it creates a new advisory board to oversee the industry. Additionally, the legislation defines various roles and exemptions to clarify who must be licensed versus who is exempt from these requirements.

Topics ✓ HousingSupports HousingBill establishes a regulatory framework to prevent unethical conduct in residential loans, protecting consumers and stabilizing the housing market.85% confidence

Sub-Topics Mortgages

Sponsor Mark Tisdel (R)

Track

in committee · Michigan · House Jul 14, 2026

HB 6192: Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in the debt management act. Amends sec. 8a of 1975 PA 148 (MCL 451.418a). TIE BAR WITH: HB 6177'26

HB 6192 amends Michigan's Debt Management Act to strengthen the state director's authority to investigate and punish mortgage brokers and lenders who engage in fraud. The bill allows the director to issue immediate suspensions or permanent prohibitions against individuals found guilty of fraud, dishonesty, or felony convictions involving financial misconduct. It establishes a formal process where accused individuals receive written notice, have the right to a hearing within 60 days, and can apply to have an order lifted after five years. Additionally, the law clarifies that violating a final prohibition order is a misdemeanor punishable by up to one year in jail or a fine of $5,000. This legislation is tied to another bill, HB 6177, and will only become effective if that companion bill is also passed.

Topics ✓ Criminal JusticeSupports Criminal JusticeBill strengthens oversight and enforcement against financial fraud, protecting victims and enhancing accountability within the justice system.75% confidence ✓ HousingSupports HousingBill strengthens fraud enforcement for mortgage brokers, protecting consumers and promoting housing market integrity.75% confidence

Sub-Topics Corrections Mortgages

Sponsor Steve Frisbie (R) · 3 co-sponsors

Track

in committee · Michigan · House Jul 14, 2026

HB 6186: Financial institutions: mortgage brokers and lenders; consolidation of certain licensing statutes related to residential mortgages; make conforming changes in 1966 PA 326. Amends sec. 1c of 1966 PA 326 (MCL 438.31c). TIE BAR WITH: HB 6177'26

HB 6186 amends Michigan's existing mortgage interest laws to clarify and update rules regarding rates and fees for residential loans. The bill primarily affects lenders, mortgage brokers, and borrowers by reinforcing restrictions on prepayment penalties, limiting upfront fees, and capping interest rates at 11% per annum for certain types of loans, such as those made by unqualified lenders or second mortgages. It also ensures that interest is calculated only on unpaid balances and prohibits interest from being added or deducted in advance. By updating the 1966 statute, the legislation aims to maintain consumer protections while aligning the law with current lending practices.

Topics ✓ HousingSupports HousingBill protects borrowers by capping interest rates and limiting fees, preventing predatory lending that threatens housing stability.85% confidence

Sub-Topics Mortgages

Sponsor Bill Schuette (R) · 1 co-sponsor

Track

in committee · United States · House Jul 13, 2026

HR 9657: Protecting American Homes from Hedge Funds Act

This bill imposes new taxes on large investment firms, known as hedge funds, that own multiple single-family homes to discourage them from holding properties as long-term investments. Under the tax provisions, these firms would face a 50 percent charge on the value of any new homes they buy and an annual penalty of $50,000 for every home they hold beyond a specific limit that decreases over time. The legislation also creates a Housing Downpayment Trust Fund financed by these taxes to provide grants for down payments and closing costs to low-to-moderate-income buyers. Additionally, the bill disallows mortgage interest and depreciation tax deductions for owners subject to these new taxes and bars federal mortgage agencies like Fannie Mae and Freddie Mac from lending to or buying mortgages from these large investors.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes new taxes on hedge funds to fund a Housing Downpayment Trust, advancing fiscal management and funding essential housing programs.95% confidence ✓ HousingSupports HousingBill imposes taxes on hedge funds owning single-family homes to discourage long-term investment and fund a downpayment trust, directly advancing affordable housing.95% confidence

Sub-Topics Mortgages

Sponsor Adam Smith (D) · 3 co-sponsors

Track

in committee · United States · House Jun 30, 2026

HR 9569: Making Condos Safer and Affordable Act of 2026

The Making Condos Safer and Affordable Act of 2026 expands federal mortgage insurance options for condominium projects to help finance repairs and replacements of shared facilities like roofs, elevators, and common areas. It allows the governing body of a condominium to take out loans secured by future mandatory payments from individual unit owners, with the government potentially insuring up to 90 percent of the project cost. Additionally, the bill modifies existing rehabilitation loan programs to let individual condo owners use these funds to pay for special assessments related to building improvements or to build reserves for future maintenance. The legislation also streamlines regulations for managing these rehabilitation projects and adjusts loan limits to better reflect the costs of such repairs.

Topics ✓ HousingSupports HousingBill expands federal mortgage insurance to fund condo repairs and affordable financing, directly strengthening housing stability and development.90% confidence

Sub-Topics Mortgages

Sponsor Debbie Wasserman Schultz (D) · 1 co-sponsor

Track

in committee · United States · House Jul 14, 2026

HR 9555: Home Mortgage Interest Credit Act of 2026

This bill creates a new tax credit for homeowners who pay interest on loans used to buy, build, or improve their primary residences. The credit allows taxpayers to directly reduce their federal income tax liability by up to $2,000 annually, or $1,000 for married individuals filing separately, provided their modified adjusted gross income does not exceed specific thresholds that vary by filing status. The amount of the credit is reduced by $20 for every $1,000 that a taxpayer's income exceeds these limits, and the provision includes an automatic inflation adjustment mechanism starting in 2028. This legislation applies to taxable years beginning after December 31, 2026, and excludes nonresident aliens from claiming the benefit.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides a tax credit for homeowners, offering direct tax relief and reducing federal income tax liability for eligible taxpayers.85% confidence ✓ HousingSupports HousingBill provides tax credits to homeowners for mortgage interest, financially supporting housing ownership and development.85% confidence

Sub-Topics Income Tax Tax Credits Mortgages

Sponsor George Latimer (D)

Track