Scott Fitzgerald (R-WI)
Sustainable Homeownership Act
A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Financial Services.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Sustainable Homeownership Act aims to amend the regulatory and operational requirements for Freddie Mac and Fannie Mae. The bill introduces new requirements for the ownership of certain mortgage assets, including specific insurance or guarantee needs for high loan-to-value mortgages. It also establishes a return on equity range for these enterprises and creates a framework for risk-based capital requirements. Additionally, the act outlines a process for the enterprises to exit conservatorship through capital standards and stock sales. Finally, it establishes rules for transferring credit risk to a diversified pool of investors.
Yes· 3 of 8
- Scored +6
Does this make housing cost less?
The bill directs securities toward supporting housing supply initiatives, including affordable and middle-income developments.
- Scored +5
Does this reduce what the federal government owes?
The bill allows for obligations and securities to be dedicated to the purpose of deficit reduction.
- Scored +5
Would households on low incomes be better off under this?
The bill allows for lower insurance or guarantee requirements for low-income mortgagors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Refinancing Benefits: The Corporation may purchase conventional mortgages with high principal balances if the new mortgage reduces payment amounts, shortens the amortization term, or replaces a variable rate with a fixed rate for at least 60 months (Section 2(a)(1)(B)).
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Support for Low-Income Borrowers: The Director of the Federal Housing Finance Agency may permit lower insurance or guarantee requirements for low-income mortgagors, defined as those with household incomes not more than 80 percent of the area median income (Section 2(a)(1)(B)(ii)).
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Housing Supply Initiatives: Obligations and securities may be dedicated to supporting housing supply initiatives, including affordable and middle-income housing developments (Section 2(a)(2)).
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Standardized Pricing for Mortgages: The Corporation is prohibited from varying the pricing or contractual terms of single-family residential mortgage acquisitions based on the size, charter type, or volume of business of the seller (Section 2(a)(g)(1)).
Potential Negative Impacts for People
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Mortgage Ownership Restrictions: The bill implements limits on purchases of high loan-to-value mortgages, requiring specific insurance or guarantees for the portion of the unpaid principal balance in excess of 80 percent (Section 2(a)(1) and Section 2(b)(1)).
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Prohibitions on Certain Mortgages: The Corporation may not purchase a single-family residential mortgage if it was originated in combination with a subordinate lien that provided access to a home equity line of credit that could exceed 80 percent of the property value (Section 2(a)(g)(3)).
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Risk of Required Stock Sales: If an enterprise does not meet necessary capital standards, the Director may direct the enterprise to sell stock to meet those standards (Section 2(a)(8)(d)(2)(A)).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this reduce what the federal government owes? — The bill allows for obligations and securities to be dedicated to the purpose of deficit reduction. Does this make the government pay for what it commits to? — The bill implements risk-based capital requirements and return on equity ranges to ensure financial stability. Is this likely to grow the economy? — The bill promotes the exit of enterprises from conservatorship and supports housing supply initiatives. Does this give people more protection from unfair business practices? — The bill prohibits varying pricing or contractual terms based on the size or volume of the seller.
- Demographic And Interest Groups
- Would households on low incomes be better off under this? — The bill allows for lower insurance or guarantee requirements for low-income mortgagors. Would middle-income households be better off under this? — The bill supports housing supply initiatives that include middle-income housing developments.
- Social Issues And Justice
- Does this make housing cost less? — The bill directs securities toward supporting housing supply initiatives, including affordable and middle-income developments.
- Governance And Ideology
- Does this make what the government does easier for the public to see? — The bill requires the Director to publish non-proprietary information related to new product determinations on a public website.
- 6/25/2026
- Referred to the House Committee on Financial Services.
- Introduced in House