US SB3753

Restricts FHA, Fannie Mae, and Freddie Mac from selling non-performing single-family mortgage loans unless all loss mitigation options are exhausted first, and requires 90-day advance written notice to borrowers before loans are included in any sale

Establishes priority purchasing systems favoring federal, state, local, Tribal governments and nonprofit organizations with experience in affordable housing, fair housing, housing counseling, or neighborhood stabilization

Requires loan purchasers to provide loss mitigation options at least as favorable as FHA or enterprise guidelines, prohibits use of contract-for-deed arrangements (except to nonprofits), and mandates that 75% of foreclosed properties be sold to owner-occupants, nonprofits, or rented to tenants at 100% AMI or below with rents capped at 30% of income for 10 years

Creates a "Claims Without Conveyance of Title First Look Program" giving eligible homebuyers, nonprofits, and government entities exclusive first right to purchase foreclosed properties at or below fair market value before other buyers

Mandates quarterly loan-level data reporting by purchasers for 4 years post-sale and semiannual public reports to Congress on loan characteristics, loss mitigation outcomes, and fair lending analysis by demographic factors