House bill introduces requirement for Fannie Mae and Freddie Mac to buy portable mortgages
/ 1 min read
Table of Contents
Representative [Name not provided in source] introduced a bill in the House that would require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to change how they handle certain types of home loans.
Why it matters: This would change how government-sponsored enterprises handle mortgage debt, potentially making it easier for people who move frequently to keep their existing loan terms.
Who it affects
- Homeowners looking to move frequently
This information comes from Congress.gov regarding a House bill; please consult the official text before relying on this information.
Agency: House
Source: Congress.gov — read the official document