H.R.4680

Requires multifamily borrowers with federally backed multifamily mortgage loans to report positive rent payments to consumer reporting agencies.

The Access to Homeownership Act mandates that multifamily borrowers with federally backed multifamily mortgage loans report positive rent payments to consumer reporting agencies. This requirement applies if the residents consent to such reporting. The Director must establish and maintain this program, which includes reporting 24 months of prior positive rent payments if available. These payments will be considered in mortgage insurance applications. The enterprises cover the administrative costs associated with this reporting.