A bill to require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to each establish a pilot program for personal property manufactured home loan purchases.
Sponsor
Full profile: /officials/M001176
Source: Congress.gov · FEC
Cosponsors (2)
Members who have signed on to support this bill since introduction. Source: Congress.gov.
Latest Action
The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2026-06-17
Source: Congress.gov
Committee Activity
Currently in
- Senate Committee on Banking, Housing, and Urban AffairsReferred To · 2026-06-17
Plain-English Summary
The government-sponsored mortgage companies Fannie Mae and Freddie Mac would be required to create test programs that help people buy manufactured homes (mobile homes) by offering loans for both the home and the land it sits on together. Currently, these companies typically don't offer this type of combined financing, making it harder for manufactured home buyers to get affordable loans. The pilot programs would test whether offering these loans is practical and could expand homeownership options for people looking to buy manufactured homes.
AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.
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