Preserving Homes and Communities Act of 2026

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 3753 Introduced in Senate (IS)] <DOC> 119th CONGRESS 2d Session S. 3753 To provide requirements for the bulk auction or group sale of certain non-performing loans, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES January 30, 2026 Mr. Reed (for himself, Ms. Smith, Mr. Wyden, Mr. Schumer, and Mr. Merkley) introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs _______________________________________________________________________ A BILL To provide requirements for the bulk auction or group sale of certain non-performing loans, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Preserving Homes and Communities Act of 2026''. SEC. 2. SALE OF FHA NON-PERFORMING SINGLE FAMILY MORTGAGE LOANS. (a) In General.--Title II of the National Housing Act (12 U.S.C. 1707 et seq.) is amended by adding at the end the following:…