To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, and for other purposes.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7754 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7754 To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES March 3, 2026 Mr. Barrett introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, 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 ``Take Your Rate Act of 2026''. SEC. 2. STUDY ON MORTGAGE PORTABILITY. (a) In General.--The Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency shall jointly conduct a study on the feasibility and potential impacts of mortgage loan portability for Federally backed mortgage loans. (b) Required Considerations.--The study required under subsection (a) shall include an analysis of-- (1) administrative and operational feasibility; (2) the effect on the housing market if Federally backed mortgage loans were portable; (3) any changes to rulemaking and regulations at the Department of Housing and Urban Development and the Federal Housing Finance Agency to allow such mortgages to become portable; (4) how many current borrowers would benefit from such portable mortgages; (5) the budgetary impact that such portable mortgages would have on the Federal Government; (6) the financial safety and soundness implications for federally backed mortgage programs and the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if such mortgages were