Preserving Homes and Communities Act of 2026 regulates the sale of non-performing loans by federal housing enterprises.
The Preserving Homes and Communities Act of 2026 establishes rules for the sale of non-performing single family mortgage loans by federal housing enterprises. It mandates that sales can only occur if loss mitigation options have been exhausted and requires clear notice to borrowers. The act prioritizes sales to homebuyers, nonprofits, and government entities focused on affordable housing and neighborhood stabilization. It also sets forth requirements for loss mitigation, data reporting, and penalties for noncompliance.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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