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Easing Mortgage Access After COVID-19 Forbearance

This law aims to make it easier for citizens to access mortgage credit during the COVID-19 pandemic. It prevents government-backed entities (like Fannie Mae, Freddie Mac, FHA) from refusing to purchase or insure mortgages solely because the borrower used or inquired about payment forbearance due to COVID-19 financial hardship.
Key points
Government agencies cannot deny purchasing or insuring a mortgage just because the borrower used COVID-19 forbearance.
They cannot impose extra fees or stricter terms on these mortgages compared to similar ones without forbearance.
Regular reporting to Congress is required on the pandemic's impact on the mortgage market, including data on forbearances and loan modifications.
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Status:
Expired
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Additional Information
Print number: 117_HR_618
Sponsor: Rep. Vargas, Juan [D-CA-51]
Process start date: 2021-01-28
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
Summarized by: gemini-2.5-flash-preview-04-17
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Promoting Access to Credit for Homebuyers Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_618.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-01-28.

What are the main provisions?

Key points include:

  • Government agencies cannot deny purchasing or insuring a mortgage just because the borrower used COVID-19 forbearance.
  • They cannot impose extra fees or stricter terms on these mortgages compared to similar ones without forbearance.
  • Regular reporting to Congress is required on the pandemic's impact on the mortgage market, including data on forbearances and loan modifications.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Vargas, Juan [D-CA-51].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Real Estate