Bill · H.R. 10028· House(119-HR-10028)
MOVE Act
- Introduced
- 8/3/2026
- Last activity
- 8/3/2026 — Referred to the House Committee on Financial Services.
- Sponsored by
- Thomas Kean
- Cosponsors
- None
- Introduced
- In Committee
What this bill would do
This bill, known as the "Making Ownership Viable for Everyone Act" or the "MOVE Act," aims to change how certain mortgages are handled. It requires the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to start purchasing and securitizing portable mortgages. These specific mortgages allow a person to move their interest rate, terms, and balance to a new property. This transfer must happen within 90 days of selling the original property.
Yes· 3 of 5
Would middle-income households be better off under this?+5
The portability of mortgages can provide greater financial stability and flexibility for homeowners.
Does this make housing cost less?+5
Portable mortgages can increase housing flexibility, making it easier for individuals to transition between homes.
Does this give people more protection from unfair business practices?+4
The bill provides consumers with more flexibility and stability when relocating by allowing mortgage terms to follow them.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
-
Mortgage Portability: Under Section 2(a), the bill allows a mortgagor to transfer their interest rate, terms, and balance to a new property. This could benefit people by making it easier to move while keeping their current mortgage terms.
-
Defined Timeline for Transfers: Section 2(a) specifies that this transfer can happen within 90 days of selling the original property, providing a clear window for people to manage their mortgage during a move.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Economy And Finance
- Improves Consumer Protection+4Improves Economic Growth+3
- Demographic And Interest Groups
- Good For Middle Class Households+5
- Social Issues And Justice
- Improves Affordable Housing+5
- Governance And Ideology
- Increases Federal Power+2
- 8/3/2026
- Referred to the House Committee on Financial Services.
- Introduced in House