We have received text from S. 4804: Manufactured Housing Lending Act. This bill was received on 2026-06-17, and currently has 2 cosponsors.

Here is a short summary of the bill:

This bill would require the Federal Housing Finance Agency to tell

Fannie Mae

and

Freddie Mac

to each create a pilot program for buying or sharing risk on certain manufactured home loans.

In practical terms, the bill is aimed at helping finance personal property manufactured homes —that is, manufactured homes financed as movable property rather than as real estate. The agency would have up to 18 months after enactment to direct the two mortgage companies to set up the pilot programs.

Once a pilot program is in place, each company would have to begin, within 1 year , purchasing or otherwise taking on financial risk for:

• newly originated loans, or
• existing loan portfolios.

The bill also sets out several conditions for these pilot programs:

• They should, as much as practical, include consumer lending and servicing protections from federal mortgage rules.
• The financed manufactured homes would have to be located in nonprofit, government, or resident-owned manufactured housing communities .
• The housing arrangement would need to include either a lease term longer than the loan term or a perpetual right to occupy the site.
• The Federal Housing Finance Agency Director could require additional risk controls and standards for the business counterparties involved.
• Fannie Mae and Freddie Mac would be allowed to earn a reasonable return on this activity, but that return would have to be lower than the return they earn on comparable mortgage lending .

Overall, the bill would not directly create a new federal loan program for consumers. Instead, it would require the two government-sponsored mortgage companies to test whether they can safely buy or support certain manufactured home loans, with specific consumer-protection and community-ownership conditions attached.

Relevant Companies

• FNMA — Fannie Mae would be required to establish and operate the pilot program and could begin purchasing or sharing risk on qualifying manufactured home loans.
• FMCC — Freddie Mac would be required to establish and operate the pilot program and could begin purchasing or sharing risk on qualifying manufactured home loans.

Senator Jeff Merkley Bill Proposals

Here are some bills which have recently been proposed by Senator Jeff Merkley:

• S.4804: A bill to require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to each establish a pilot program for personal property manufactured home loan purchases.
• S.4803: A bill to amend the Truth in Lending Act to include a home equity investment loan in the definition of a residential mortgage loan for the purposes of that Act, and for other purposes.
• S.4774: Fraudulent Artificial Intelligence Regulations (FAIR) Elections Act of 2026
• S.4772: Renewable Energy Choice Act
• S.4735: Protecting Americans from High Electricity Prices Act of 2026
• S.4732: Wildfire Smoke Emergency Declaration Act of 2026

You can track bills proposed by Senator Jeff Merkley on Quiver Quantitative's politician page for Merkley.

Senator Jeff Merkley Net Worth

Quiver Quantitative estimates that Senator Jeff Merkley is worth $11.0M, as of June 26th, 2026. This is the 105th highest net worth in Congress, per our live estimates.

Merkley has approximately $0 invested in publicly traded assets which Quiver is able to track live.

You can track Senator Jeff Merkley's net worth on Quiver Quantitative's politician page for Merkley.

2026 Oregon US Senate Election

There has been approximately $7,570,608 of spending in Oregon US Senate elections over the last two years, per our estimates.

The rating for this race is currently "Solid D".

You can track this election on our matchup page for the 2026 Oregon US Senate election.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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