What does Preamble of Manufactured Housing Lending Act do?

This bill requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to each establish a pilot program. The pilot programs are specifically for personal property manufactured home loan purchases.

What does SHORT TITLE. of Manufactured Housing Lending Act do?

This bill is formally titled the Manufactured Housing Lending Act

What does ESTABLISHMENT OF PILOT PROGRAM. of Manufactured Housing Lending Act do?

This section establishes a pilot program for personal property manufactured home loan purchases. The Federal Housing Finance Agency (FHFA) will direct Fannie Mae and Freddie Mac to each establish this pilot program within 18 months of the Act's enactment. The pilot programs must incorporate consumer mortgage lending and servicing protections from Title 12, CFR Parts 1024 and 1026, to the greatest extent practicable. Financed manufactured homes participating in the program must be located in specific community types and include a lease term exceeding or matching the loan term. The FHFA Director can include risk protections and counterparty standards. Fannie Mae and Freddie Mac are permitted to achieve a reasonable economic return, which should be less than returns from comparable mortgage lending activities.

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Manufactured Housing Lending Act

Last updated: 6/17/2026 · Introduced: 6/17/2026

Author: Jeff Merkley (D-OR)

TL;DR (AI)

This bill mandates Fannie Mae and Freddie Mac to create pilot programs for purchasing loans on personal property manufactured homes.
The pilot programs will incorporate consumer protections and require manufactured homes to be located in specific communities with lease terms matching or exceeding loan terms.
The Federal Housing Finance Agency (FHFA) can implement risk protections and ensure Fannie Mae and Freddie Mac achieve a reasonable, but reduced, economic return from these loans.

119th Congressin committeeOfficial page

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Other Sections

Includes provisions on preamble, short title., and 1 more.

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