Housing (Mortgages) in United States

in committee · United States · Senate Jun 17, 2026

S 4804: Manufactured Housing Lending Act

The Manufactured Housing Lending Act creates a pilot program to help expand access to loans for manufactured homes. It directs two major government-backed lenders to start buying or sharing the risk of new loans for these homes within a year of the program's launch. To qualify, the homes must be placed in nonprofit, government, or resident-owned communities with long-term or permanent site leases, and the program will include standard consumer protections. The lenders participating in this pilot will be allowed to earn a lower return on these specific loans compared to other similar lending activities.

Topics ✓ Housing

Sub-Topics Homeownership Mortgages

in committee · United States · House Jun 18, 2026

HR 9380: Expanding Access to Credit through Consumer-Permissioned Data Act

This bill requires mortgage lenders to consider alternative credit information, such as rental payments and bank statements, when evaluating applicants who request it. It specifically targets individuals who lack a traditional credit history with major reporting agencies, a group that disproportionately includes low-income consumers, younger people, and people of color. Under the new rules, lenders must treat this permissioned data with the same weight as standard credit reports if the applicant authorizes its use and confirms it better reflects their financial standing. The legislation also mandates that underwriting systems be updated to automatically identify and include this data, while creditors must provide clear notices in eight common languages explaining the applicant's rights.

Topics ✓ Housing

Sub-Topics Homeownership Mortgages Renters

in committee · United States · House Jun 25, 2026

HR 9461: Working Families Home Construction Act of 2026

The Working Families Home Construction Act of 2026 allows Fannie Mae and Freddie Mac to buy and securitize specific construction loans designed to help build owner-occupied homes. These loans, which can cover costs like land acquisition and construction, are limited to $100,000 per unit and $2.4 million per project, and must be issued by approved lenders to builders who contribute at least 10% of the project's capital. To qualify, projects must receive local government approval and be sold to families earning between 90% and 130% of the area median income, with buyers required to live in the home for at least one year. The bill also directs that 22% of the available capital for these enterprises be allocated specifically to purchasing these qualifying construction loans.

Topics ✓ Housing

Sub-Topics Homeownership Housing Finance Mortgages

in committee · United States · House Jun 25, 2026

HR 9459: Home Affordability Through Mortgage Simplification Act

This bill, known as the Home Affordability Through Mortgage Simplification Act, aims to simplify rules for mortgage lenders and reduce costs for borrowers by updating regulations under the Truth in Lending Act. It introduces a new standard that allows closing costs to vary by up to $500 or 5 percent of third-party fees without penalty, while protecting borrowers from increases in interest rates, loan types, or origination charges. The legislation also permits lenders to issue up to two revised loan estimates for minor changes and allows borrowers to waive the mandatory three-day waiting period for corrected disclosures if they choose. Additionally, it limits lender liability for errors made by settlement agents if the lender exercised reasonable oversight and provides a one-time opportunity for lenders to fix violations without facing civil penalties.

Topics ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Jun 25, 2026

HR 9480: To amend the Internal Revenue Code of 1986 to allow a deduction for amounts contributed to home savings accounts, and for other purposes.

This bill creates a new type of tax-advantaged savings account called a "home savings account" designed to help individuals save for housing expenses. It allows taxpayers to deduct up to $10,000 annually from their income for cash contributions made to these accounts, with a higher limit of $20,000 for married couples filing jointly. Money withdrawn from the account is tax-free only if it is used to buy a principal residence or pay down the mortgage on that home; otherwise, the withdrawal is taxed as income and subject to a 20% penalty. The legislation also permits a one-time transfer of funds from an existing retirement plan into a new home savings account and includes specific rules for handling excess contributions, account transfers due to divorce, and inheritance after the account holder's death.

Topics ✓ Budget & Taxes ✓ Housing

Sub-Topics Homeownership Mortgages

in committee · United States · Senate Jun 17, 2026

S 4803: Home Equity Lending Integrity Act

The Home Equity Lending Integrity Act updates the Truth in Lending Act to explicitly include home equity investment loans within its scope. These loans are defined as transactions where a consumer receives money in exchange for an interest in their home and an obligation to repay based on the property's value. The bill directs the Bureau of Consumer Financial Protection to create regulations ensuring these specific loans are covered under existing rules for consumer protection and penalties. Additionally, the legislation states that this change is intended to clarify the current law rather than alter how it is administered.

Topics ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Jun 5, 2026

HR 9170: Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2027

This bill provides funding for the Departments of Transportation, Housing and Urban Development, and related agencies for fiscal year 2027. It allocates money to support transportation infrastructure projects, including grants for highways, airports, rail systems, and transit, as well as funding for aviation safety and maritime security. The legislation also directs resources to housing programs such as tenant-based rental assistance, public housing operations, and grants for community development and homeless assistance. Additionally, the bill includes provisions for administrative expenses, cybersecurity initiatives, and specific restrictions on how funds can be used across these departments.

Topics ✓ Budget & Taxes ✓ Housing ✓ Transportation

Sub-Topics Appropriations Community Development Homelessness Mortgages Airports Ports Roads & Highways

in committee · United States · Senate May 21, 2026

S 4636: Homeowners’ Escrow Savings Act

The Homeowners' Escrow Savings Act requires mortgage servicers to pay interest on funds held in escrow accounts for federally related loans, aiming to ensure borrowers receive a fair return on their prepaid taxes and insurance. To determine how much interest to pay, the bill mandates that servicers use the average yield on one-year U.S. Treasury securities as the baseline rate. Additionally, the law clarifies how servicers must estimate future tax payments and requires them to make these estimates as accurate as possible based on available information. While the federal rule sets a minimum standard, it explicitly allows states to enforce stricter requirements or alternative payment methods if they choose.

Topics ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Apr 30, 2026

HJRES 163: Providing for congressional disapproval under chapter 8 of title 5, United States Code, of the rule submitted by the Bureau of Consumer Financial Protection relating to the withdrawal of the rule relating to "Application of Regulation Z's Ability-To-Repay Rule to Certain Situations Involving Successors-In-Interest".

This bill seeks to reject a specific rule issued by the Bureau of Consumer Financial Protection that would have removed an existing regulation regarding mortgage loans for heirs. The proposed rule aimed to stop applying the "ability-to-repay" requirement to certain situations where property is transferred to successors-in-interest, such as family members inheriting a home. By passing this resolution, Congress intends to keep the original 2014 regulation in place, ensuring that lenders must still verify a borrower's ability to repay in those specific inheritance scenarios. The measure directly affects financial institutions and families dealing with property transfers after a death, as it prevents the removal of consumer protections related to mortgage lending standards.

Topics ✓ Housing

Sub-Topics Mortgages

in committee · United States · House Apr 27, 2026

HR 8532: VA Home Loan Affordability Act

The VA Home Loan Affordability Act updates the Department of Veterans Affairs' home loan program to make it easier and more affordable for veterans to buy or refinance homes. Key changes include removing the requirement for third-party verification of lender fees, allowing refinancing without an appraisal in certain cases, and lowering the minimum interest rate cap for adjustable-rate mortgages from 200 to 75 basis points. The bill also expands loan guarantees for condominiums, caps closing costs and seller fees at 1.5% and 6% of the loan amount respectively, and mandates regular reviews of debt-to-income ratios. Additionally, it requires appraisers to hold state licenses, directs the VA to update property suitability regulations, and sets a deadline for submitting a plan to modernize the agency's loan administration technology.

Topics ✓ Housing ✓ Veterans

Sub-Topics Mortgages Veteran Education Veteran Healthcare Veteran Housing

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