Before You Read:
If the message of this petition resonates with you — please don’t wait. Sign it. Share it with at least three people. Do it now, not later. We’re aiming for at least 1,000 signatures — no money, just momentum. Let’s fix what’s broken in housing and help restore the balance our economy desperately needs.

Read on…

As an 18-year mortgage professional, I’ve seen market shifts—but today’s housing crisis is uniquely paralyzing. Millions of homeowners are “rate-locked,” holding ultra-low mortgage rates from prior years. Even when life demands a move, many can’t afford to trade in a 3% mortgage for a 7% one.

This gridlock has frozen inventory, sidelined buyers, and pushed affordability further out of reach. The ripple effects touch every corner of the housing economy.

 
🏡 What Is the PATH Act?
The PATH Act (Portability and Affordability Through Homeownership) proposes a straightforward, market-driven solution:
Allow qualified homeowners to transfer the terms of their existing mortgage to a new property—not the loan itself, but a new loan with the same interest rate and remaining term, underwritten to current standards.

Borrowers would still need to qualify. This isn’t a loophole—it’s a modernized option that builds on systems already in place.
Fannie Mae and Freddie Mac already support loan modifications, streamlined refinances, and term recasts. The tools, infrastructure, and guidelines exist—we’re simply proposing to use them in a new, proactive way to unlock mobility for responsible homeowners. 

"The best way to explain the PATH Act is to think of it as a no-cash-out refinance that requires full underwriting. The loan’s terms and balance stay the same—the only thing that changes is the property securing the loan."

 
✅ A Win-Win for the Entire Market
🏦 For Lenders & Originators:
New origination opportunities, even with carried-over terms
Full underwriting preserves loan quality and compliance
Revives borrower activity in a stagnant market
📄 For Servicers:
Retain customer relationships across property transitions
Maintain payment structures while enabling client mobility
🏘️ For the Real Estate Industry:
Frees up urgently needed inventory
Normalizes price growth and market turnover
📈 For the Broader Economy:
Increased mobility fuels remodeling, moving, furnishing, and construction
Boosts consumer confidence and economic activity
 
⚠️ Concerns & Solutions
1. Investor Resistance to New Low-Rate Loans
→ GSEs or servicers can retain these loans
→ A modest portability fee could help mitigate risk

2. Perceived Unfairness
→ This doesn’t give borrowers anything new—it lets them retain terms they’ve already qualified for, under full re-qualification

3. Implementation Complexity
→ This leverages existing systems. No major new legislation or government spending is required

 
🧭 Why It Matters
The PATH Act restores freedom of movement for American homeowners—without lowering standards or requiring subsidies. It’s scalable, fiscally responsible, and urgently needed to restore balance in the housing market.

 
🔄 What If There’s Not Enough Equity to Move Up?
A second mortgage or piggyback loan at current market rates could help bridge the gap between the existing loan balance and the cost of the next home. This layered approach keeps the borrower’s blended rate more affordable than a full new loan at today’s rates—benefiting buyers, sellers, and lenders alike.

 
🔑 Benefits of the PATH Act
✅ Unlocks rate-locked homeowners and adds much-needed inventory
✅ Restores affordability for families who need to move
✅ Spurs activity across mortgage, real estate, and construction sectors
✅ Maintains loan quality through full underwriting
✅ Opens new revenue opportunities for banks and servicers

This is not about rewarding the past. It’s about unlocking the future with responsible, pro-market policy.

 
✍️ Join the Movement
If you believe in restoring mobility and affordability in American homeownership, please sign and share this petition.

This petition respectfully urges President Donald J. Trump and key federal housing leaders to support the PATH Act as a timely, scalable solution to unfreeze the market.

 
🧾 About the Author
I am a licensed mortgage professional in California (NMLS #218932). This petition reflects my personal views based on nearly two decades of industry experience. It is not affiliated with my employer or any lending institution.