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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.
Summary
- Requires Fannie Mae and Freddie Mac to begin purchasing and securitizing portable mortgages within 180 days of enactment.
- Defines portable mortgages as conventional mortgages that allow borrowers to transfer their interest rate, terms, and loan balance to a new property within 90 days of selling their original property.
- Establishes that portable mortgages must meet the same requirements as conventional mortgages under the respective charter acts of Fannie Mae and Freddie Mac.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Thomas H. Kean’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- NULL $19,727
- VETERANS GUARDIAN $13,200
- ULINE $13,200
- BRODIE GENERATIONAL CAPITAL PARTNERS, $13,200
- TC SERVICES $13,200
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Thomas H. Kean → · Outside spending →
Actions (2)
- Aug 3, 2026 Referred to the House Committee on Financial Services. · house
- Aug 3, 2026 Introduced in House
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
August 3, 2026
Mr. Kean introduced the following bill; which was referred to the Committee on Financial Services
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. <all>
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