,i  #aag? ,,congress  #a/ ,session  ,h4 
,r4 #fah  ,,9 ,,! ,,h\se ,,(            
,,repres5tatives  ,janu>y #bh1 #bjba,mr4
 ,v>gas 7= himself1 ,ms4 ,wat]s1 ,ms4   
,velzquez1 ,mr4 ,cleav]1 ,ms4 ,lee (    
,cali=nia1 ,mrs4 ,hayes1 ,mr4 ,evans1 & 
,ms4 ,b>ragn7 introduc$ ! foll[+ bill2  
:i* 0 ref]r$ to ! ,committee on         
,f9ancial ,s]vices  ,a ,,bill  ,to      
promote access to mortgage cr$it dur+ ! 
,,covid-#ai p&emic by prev5t+           
re/rictions on provid+ ,f$]al back+ =   
s+le-family mortgage loans 9 =be>ance1 &
 = o!r purposes4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,promot+ ,access to
 ,cr$it = ,homebuy]s ,act ( #bjba4  #b4 
,fannie ,mae & ,fr$die ,mac  7a7        
,pur*ase requirem5ts ,dur+ ! p]iod t    
beg9s #e days aft] ! date ( ! enactm5t (
 ?is ,act & ends #fj days aft] ! cov]$  
p]iod ) respect to ! mortgage1 not)/&+  
any o!r provision ( law1 an ent]prise   
may n refuse to pur*ase any s+le-family 
mortgage orig9at$ on or aft] ,febru>y   
#a1 #bjbj1 t o!rwise w\ld h be5 eligible

 = pur*ase by su* ent]prise1 solely due 
to ! fact t ! borr[] has1 = ! borr[]'s  
previ\s mortgage or on ! mortgage be+   
pur*as$-- 7#a7 ent]$ into =be>ance z a  
result ( a f9ancial h>d%ip due1 directly
 or indirectly1 to ! ,,covid-#ai        
em]g5cy2  7#b7 reque/$ =be>ance z a     
result ( a f9ancial h>d%ip due1 directly
 or indirectly1 to ! ,,covid-#ai        
em]g5cy2 or  7#c7 inquir$ z to options  
relat$ to =be>ance z a result ( a       
f9ancial h>d%ip due1 directly or        
indirectly1 to ! ,,covid-#ai em]g5cy4   
7b7 ,prohibition on re/rictions ,)      
respect to pur*ase ( s+le-family        
mortgages describ$ 9 subsection 7a7 &   
specifi$ 9 any ( p>agraphs 7#a7 ?r\gh   
7#c7 ( su* subsection1 an ent]prise may 
n-- 7#a7 e/abli% additional re/rictions 
t are n applicable to simil>ly situat$  
mortgages "u :i* ! borr[] is n 9        
=be>ance2  7#b7 *>ge a high] gu>antee   
fee 7)9 ! mean+ provid$ su* t]m 9       
section #acbg ( ! ,h\s+ & ,community    
,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 

#dedg771 or loan level pric+ adju/m5t1  
or o!rwise alt] pric+ = su* mortgages1  
relative to simil>ly situat$ mortgages  
"u :i* ! borr[] is n 9 =be>ance2  7#c7  
apply repur*ase requirem5ts to su*      
mortgages t are m re/rictive ?an        
repur*ase requirem5ts applicable to     
simil>ly situat$ mortgages "u :i* !     
borr[] is n 9 =be>ance2 or  7#d7 require
 l5d] indemnification ( su* mortgages1  
solely due to ! fact t ! borr[] is 9    
=be>ance4  7c7 ,fraud detection ,?is    
section may n be con/ru$ to prev5t an   
ent]prise f conduct+ ov]sight & review (
 s+le-family mortgages pur*as$ :5 a     
borr[] is 9 =be>ance on ! borr[]'s      
previ\s mortgage1 or on ! mortgage be+  
pur*as$1 = purposes ( detect+ fraud4 ,an
 ent]prise %all report any fraud detect$
 to ! ,director4  7d7 ,ent]prise capital
 ,dur+ ! p]iod t beg9s #e days aft] !   
date ( ! enactm5t ( ?is ,act & ends #fj 
days aft] ! cov]$ p]iod ) respect to a  
mortgage1 not)/&+ any o!r provision (   
law1 a =be>ance on su* mortgage %all n  

be consid]$ to be a del9qu5cy "u su*    
mortgage = purposes ( calculat+ capital 
( an ent]prise = any purpose "u title   
,,xiii ( ! ,h\s+ & ,community           
,developm5t ,act ( #aiib 7#ab ,u4,s4,c4 
#deja et seq474  7e7 ,rules (           
con/ruction  7#a7 ,pur*ase p>amet]s ,?is
 section may n be con/ru$ to require an 
ent]prise to pur*ase s+le-family        
mortgages t d n meet exi/+ or am5d$     
pur*ase p>amet]s1 o!r ?an p>amet]s      
relat$ to borr[] =be>ance1 e/abli%$ by  
su* ent]prise4  7#b7 ,employm5t2 income 
,?is section may n be con/ru$ to prev5t 
an ent]prise f e/abli%+ additional      
requirem5ts to ensure t a borr[] has n  
lo/ _! job or income prior to a mortgage
 clos+4  7f7 ,implem5tation ,! ,director
 may issue any guidance1 ord]s1 &       
regulations necess>y to c>ry out ?is    
section4  #c4 ,,fha  7a7 ,prohibition on
 re/rictions ,dur+ ! p]iod t beg9s #e   
days aft] ! date ( ! enactm5t ( ?is ,act
 & ends #fj days aft] ! cov]$ p]iod )   
respect to ! mortgage1 not)/&+ any o!r  

provision ( law1 ! ,secret>y ( ,h\s+ &  
,urban ,developm5t may n d5y ! provision
 ( mortgage insurance = a s+le-family   
mortgage orig9at$ on or aft] ,febru>y   
#a1 #bjbj1 may n implem5t additional    
premiums or o!rwise alt] pric+ = su* a  
mortgage1 may n require mortgagee       
indemnification1 & may n e/abli%        
additional re/rictions on su* a         
mortgagor1 solely due to ! fact t !     
borr[] has-- 7#a7 ent]$ into =be>ance z 
a result ( a f9ancial h>d%ip due1       
directly or indirectly1 to ! ,,covid-#ai
 em]g5cy2  7#b7 reque/$ =be>ance z a    
result ( a f9ancial h>d%ip due1 directly
 or indirectly1 to ! ,,covid-#ai        
em]g5cy2 or  7#c7 inquir$ z to options  
relat$ to =be>ance z a result ( a       
f9ancial h>d%ip due1 directly or        
indirectly1 to ! ,,covid-#ai em]g5cy4   
7b7 ,rules ( con/ruction  7#a7          
,insurance ,?is section may n be con/ru$
 to require ! ,secret>y ( ,h\s+ & ,urban
 ,developm5t to provide insurance on    
s+le-family mortgages t d n meet exi/+  

or am5d$ insurance p>amet]s1 o!r ?an    
p>amet]s relat$ to borr[] =be>ance1     
e/abli%$ by ! ,secret>y4  7#b7          
,employm5t2 income ,?is section may n be
 con/ru$ to prev5t ! ,secret>y ( ,h\s+ &
 ,urban ,developm5t f e/abli%+          
additional requirem5ts reg>d+ insurance 
on s+le-family mortgages to ensure t a  
borr[] has n lo/ _! job or income prior 
to a mortgage clos+4  #d4 ,report+      
requirem5ts  7a7 ,,fhfa actions ,dur+ ! 
,,covid-#ai em]g5cy1 ! ,director may n  
increase gu>antee fees1 loan level pric+
 adju/m5ts1 or any o!r fees or implem5t 
any re/rictions on access to cr$it      
unless ! ,director provides #dh-;h\r    
advance notice ( su* increase or        
re/rictions to ! ,committee on ,f9ancial
 ,s]vices ( ! ,h\se ( ,repres5tatives & 
! ,committee on ,bank+1 ,h\s+1 & ,urban 
,affairs ( ! ,s5ate toge!r ) a detail$  
report ( ! policy rationale = !         
decision1 includ+ any & all data        
consid]$ 9 mak+ su* decision4  7b7      
,qu>t]ly reports by ent]prises & ,,fha  

7#a7 ,requirem5t ,ea* ent]prise & !     
,secret>y ( ,h\s+ & ,urban ,developm5t1 
) respect to ! ,,fha mortgage insurance 
programs1 %all provide reports to !     
,congress1 & make su* reports publicly  
available1 n less frequ5tly ?an qu>t]ly 
reg>d+ ! impact ( ,,covid-#ai p&emic on 
! su* ent]prises' & program's ability to
 meet _! *>t] requirem5ts1 civil rights 
responsibilities1 m&ates "u ! ,,c>es    
,act 7,public ,law #aaf-acf71 & o!r laws
 enact$ 9 response to ! ,,covid-#ai     
p&emic1 & o!r requirem5ts "u law4 ,!    
fir/ su* report %all be submitt$ n lat] 
?an ! expiration ( ! #c-mon? p]iod      
beg9n+ ^u ! date ( ! enactm5t ( ?is ,act
 & ! requirem5t "u ?is p>agraph to      
submit su* reports %all t]m9ate ^u !    
expiration ( ! #b-ye> p]iod beg9n+ ^u ! 
t]m9ation ( ! ,,covid-#ai em]g5cy4  7#b7
 ,cont5t ,ea* report requir$ "u p>agraph
 7#a7 %all include ! foll[+ in=mation = 
! mo/ rec5t qu>t] = :i* data is         
available3 7,a7 ,ent]prises ,= ea*      
report requir$ by an ent]prise3 7i7 ,!  

numb] ( s+le-family & multi-family      
resid5tial mortgage loans pur*as$ by !  
ent]prise & ! unpaid pr9cipal balance ( 
su* mortgage loans pur*as$1 disaggregat$
 by-- 7,i7 mortgage loans made to l[- & 
mod]ate-income borr[]s2  7,,ii7 mortgage
 loans made = prop]ties 9 l[- &         
mod]ate-income c5sus tracts2 &  7,,iii7 
mortgage loans made = prop]ties 9 c5tral
 cities1 rural areas1 & und]s]v$ areas4 
7ii7 ,9 ! s+le-family resid5tial        
mortgage m>ket-- 7,i7 ! total numb]1    
unpaid pr9cipal balance1 & l5g? (       
=be>ances provid$ to borr[]s1 includ+   
:e!r or n ! =be>ance 0 reque/$ by !     
borr[]2  7,,ii7 a detail$ breakd[n ( !  
loan modifications (f]$ to borr[]s &    
:e!r ! borr[]s accept$ ! (f] includ+ !  
total numb] & unpaid pr9cipal balance ( 
loan modifications ultimately made to   
borr[]s2  7,,iii7 a detail$ breakd[n ( !
 home ret5tion options (f]$ to borr[]s &
 :e!r ! borr[]s accept$ ! (f] includ+ ! 
total numb] & unpaid pr9cipal balance ( 
o!r home ret5tion options ultimately    

made to borr[]s2  7,,iv7 ! total numb] (
 outcomes t includ$ %ort-sales1         
de$-9-lieu ( =eclosure1 & =eclosure     
sales2 &  7,v7 ! total numb] ( del9qu5t 
mortgage loans4  7iii7 ,a description ( 
any ef=ts by ! ent]prise to provide     
assi/ance & support to consum]s :o are n
 pr(ici5t 9 ,engli%4  7iv7 ,a           
description ( any o!r ef=ts by !        
ent]prise to provide assi/ance to l[- & 
mod]ate-income communities1 c5tral      
cities1 rural areas1 & o!r und]s]v$     
areas1 su* z f9ancial lit]acy &         
education or support ( fair h\s+ & h\s+ 
c\nsel+ ag5cies4  7v7 ,a description (  
any o!r assi/ance provid$ by ! ent]prise
 to consum]s 9 response to ! ,,covid-#ai
 p&emic4  7,b7 ,,fha ,= ea* report      
requir$ ) respect to ! ,,fha mortgage   
insurance programs3 7i7 ,! numb] &      
unpaid pr9cipal balance = all resid5tial
 mortgage loans1 disaggregat$ by type1  
insur$ "u su* programs4  7ii7 ,! total  
numb]1 unpaid pr9cipal balance1 & l5g? (
 =be>ances provid$ to borr[]s1 includ+  

:e!r or n ! =be>ance 0 reque/$ by !     
borr[]4  7iii7 ,a detail$ breakd[n ( !  
loan modifications (f]$ to borr[]s &    
:e!r ! borr[]s accept$ ! (f] includ+ !  
total numb] & unpaid pr9cipal balance ( 
loan modifications ultimately made to   
borr[]s4  7iv7 ,a detail$ breakd[n ( !  
home ret5tion options (f]$ to borr[]s & 
:e!r ! borr[]s accept$ ! (f] includ+ !  
total numb] & unpaid pr9cipal balance ( 
o!r home ret5tion options ultimately    
made to borr[]s4  7v7 ,a description (  
any ef=ts "u su* programs to provide    
assi/ance & support to consum]s :o are n
 pr(ici5t 9 ,engli%4  7vi7 ,a           
description ( any o!r ef=ts "u su*      
programs to provide assi/ance to l[- &  
mod]ate-income communities1 c5tral      
cities1 rural areas1 & o!r und]s]v$     
areas1 su* z f9ancial lit]acy &         
education or support ( fair h\s+ & h\s+ 
c\nsel+ ag5cies4  7vii7 ,a description (
 any o!r assi/ance provid$ "u su*       
programs to consum]s 9 response to !    
,,covid-#ai p&emic4  7viii7 ,! total    

numb] ( del9qu5t mortgage loans4  7,c7  
,provisions to be includ$ 9 all reports 
,ea* report requir$ "u p>agraph 7#a7    
%all include1 to ! degree reasonably    
possible1 ! foll[+ in=mation3 7i7 ,an   
analysis ( all loan level data requir$  
by subp>agraphs 7,a7 & 7,b7 disaggregat$
 by race1 national orig91 g5d]1         
disability /atus1 :e!r or n ! borr[]    
seek+ or obta9+ assi/ance speaks ,engli%
 z a second language1 ! pref]r$ language
 ( ! borr[]1 debt-to-income level ( !   
borr[]1 loan-to-value ratio ( ! loan1 & 
cr$it score ( ! borr[]4  7ii7 ,a        
geographical analysis at ! c5sus tract  
level1 b if in=mation is n available at 
! c5sus tract level = any ( ! items     
requir$ by subp>agraphs 7,a7 & 7,b71 !  
geographical analysis %all be provid$ at
 ! zip code level = ! item = :i* a c5sus
 tract analysis 0 n possible4  7iii7 ,a 
description ( any policy *anges made by 
! ent]prise or ,secret>y ( ,h\s+ &      
,urban ,developm5t1 z appropriate1 9    
response to ! ,,covid-#ai p&emic &      

analysis ( actions tak5 to ensure t su* 
policy *anges 7 9 compliance ) all      
relevant civil rights responsibilities1 
includ+ ! ,fair ,h\s+ ,act1 includ+ !   
,affirmatively ,fur!r+ ,fair ,h\s+      
provision1 ! ,equal ,cr$it ,opportunity 
,act1 ! ,community ,re9ve/m5t ,act (    
#aigg1 ! ,f$]al ,h\s+ ,ent]prises       
,f9ancial ,safety & ,s\ndness ,act (    
#aiib1 ! ,h\s+ & ,economic ,recov]y ,act
 ( #bjjh1 ,f$]al ,home ,loan ,bank ,act1
 ,executive ,ord]s #aajfc & #abhib1 !   
,f$]al ,national ,mortgage ,association 
,*>t] ,act1 & ! ,f$]al ,home ,loan      
,mortgage ,corporation ,act4  7c7       
,report by ,,gao ,n lat] ?an !          
expiration ( ! #abj-;day p]iod t beg9s  
^u ! t]m9ation ( ! ,,covid-#ai em]g5cy1 
! ,comptroll] ,g5]al ( ! ,unit$ ,/ates  
%all submit to ! ,congress & make       
publicly available a report on-- 7#a7 ! 
ext5t to :i* ! ent]prises & ! ,,fha     
mortgage insurance programs provid$ loan
 products1 =be>ances1 loan              
modifications1 & ,,covid-#ai-relat$     

assi/ance to consum]s & ! total numb] ( 
del9qu5t mortgage loans "u su* programs2
  7#b7 ! availability & type ( any su*  
assi/ance provid$ po/-=be>ance2 &  7#c7 
! ov]all ability ( ! ent]prises & !     
,,fha mortgage insurance programs to    
successfully meet _! *>t] requirem5ts1  
civil rights responsibilities1 & o!r    
requirem5ts "u law4  ,! report %all also
 include an analysis ( all loan level   
data requir$ by ?is subsection          
disaggregat$ by race1 national orig91   
g5d]1 disability /atus1 :e!r or n !     
borr[] seek+ or obta9+ assi/ance speaks 
,engli% z a second language1 ! pref]r$  
language ( ! borr[]1 debt-to-income     
level ( ! borr[]1 loan-to-value ratio ( 
! loan1 & cr$it score ( ! borr[]4  #e4  
,def9itions ,= purposes ( ?is ,act1 !   
foll[+ def9itions %all apply3 7#a7      
,cov]$ p]iod ,! t]m cov]$ p]iod means1 )
 respect to a f$]ally back$ mortgage    
loan1 ! p]iod ( "t dur+ :i* ! borr[] "u 
su* loan may reque/ =be>ance on ! loan  
"u section #djbb7;b7 ( ! ,,c>es ,act    

7#ae ,u4,s4,c4 #ijef2 ,public ,law      
#aaf-acf2 #acd ,/at4 #dij74  7#b7       
,,covid-#ai em]g5cy ,! t]m ,,covid-#ai  
em]g5cy has ! mean+ giv5 su* t]m 9      
section #djbb ( ! ,,c>es ,act 7#ae      
,u4,s4,c4 #ijef2 ,public ,law #aaf-acf2 
#acd ,/at4 #dij74  7#c7 ,director ,! t]m
 ,director means ! ,director ( ! ,f$]al 
,h\s+ ,f9ance ,ag5cy4  7#d7 ,ent]prise  
,! t]m ent]prise has ! mean+ giv5 su*   
t]m 9 section #acjc ( ! ,h\s+ &         
,community ,developm5t ,act ( #aiib 7#ab
 ,u4,s4,c4 #dejb74