MOVE Act Making Ownership Viable for Everyone Act
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.
This bill, known as HB10028, aims to require two major government-sponsored enterprises, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), to start purchasing and securitizing portable mortgages. Portable mortgages are loans that can move with the borrower when they switch jobs or relocate. This could make it easier for people who move frequently to keep their homes without defaulting on their mortgage.
The bill would primarily affect homeowners, mortgage lenders, and the entities managing these mortgages, like Fannie Mae and Freddie Mac. If passed, these organizations would need to adapt their practices to include portable mortgages in their portfolios, potentially making it easier for people who move often to maintain their housing stability.
As of the latest update, HB10028 was introduced on August 3, 2026, and was referred to the House Committee on Financial Services. This means it has entered the initial stages of the legislative process, where it will be reviewed and possibly revised before any further action is taken.
