Urges Congress to pass legislation requiring mortgage lenders to consider rent payments when determining people's credit worthiness.

This New Jersey Assembly Resolution (AR 67) urges Congress to pass federal legislation requiring mortgage lenders to include rent payments in credit assessments when evaluating homebuyers. It highlights that many lower-income renters - particularly people of color with limited credit history - consistently pay rent on time but are often denied mortgages due to lack of traditional credit, while Fannie Mae’s similar practice has enabled 17% more previously unqualified applicants (including many people of color) to qualify for loans. The resolution notes that New Jersey cannot mandate this change due to federal preemption, so it calls on Congress to act to expand homeownership access for renters.