Portable Mortgages on the Table

[AJ Wong]

Discussions are on the table to make US mortgages portable. In other words - take your mortgage with you. 

There are a lot of variables to consider on how this might potentially work but portability and expanded mortgage assumptions could work wonders for investors. 

For lenders - most notes would be held to maturity and second position liens could become more popular to bridge gaps between purchase prices and existing mortgage balances.  

What are your thoughts? Is this healthy for housing?