To require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to begin purchasing and securitizing portable mortgages, and for other purposes.

This bill would require Fannie Mae and Freddie Mac, two government-backed companies that deal in home loans, to start buying and bundling a type of mortgage called "portable mortgages," which generally refers to loans that a borrower can transfer from one property to another when they move. No official summary is available for this bill.

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