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[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10028 Introduced in House (IH)]
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119th CONGRESS
2d Session
H. R. 10028
To require the Federal National Mortgage Association and the Federal
Home Loan Mortgage Corporation to begin purchasing and securitizing
portable mortgages, and for other purposes.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
August 3, 2026
Mr. Kean introduced the following bill; which was referred to the
Committee on Financial Services
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A BILL
To require the Federal National Mortgage Association and the Federal
Home Loan Mortgage Corporation to begin purchasing and securitizing
portable mortgages, and for other purposes.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Making Ownership Viable for Everyone
Act'' or the ``MOVE Act''.
SEC. 2. PURCHASE AND SECURITIZATION OF PORTABLE MORTGAGES.
(a) In General.--The Federal National Mortgage Association and the
Federal Home Loan Mortgage Corporation shall, not later than 180 days
after the date of the enactment of this section, begin purchasing and
securitizing conventional mortgages under which the mortgagor is
permitted by mortgagee to transfer the interest rate, terms and balance
of such mortgage to a new property within 90 days of selling the
property originally securing such mortgage.
(b) Conventional Mortgage Defined.--The term ``conventional
mortgage''--
(1) with respect to the Federal National Mortgage
Association, has the meaning given the term in section
202(b)(2) of the Federal National Mortgage Association Charter
Act and meets the requirements required for purchase and
securitization under such Act; and
(2) with respect to the Federal Home Loan Mortgage
Corporation has the meaning given the term in section 302(i) of
the Federal Home Loan Mortgage Corporation Act and meets the
requirements required for purchase and securitization under
such Act.
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