Stanley Middleman, founder and CEO of Freedom Mortgage, said the next administration’s approach for FHA and VA should be “if it’s not broken, why fix it?”
The agency heads at the FDIC, OCC and Federal Reserve said they don't foresee any major rulemakings moving forward before the next administration takes over.
In the final weeks before the new Republican administration takes over, the CFPB’s rulemaking process is expected to slow, but enforcement activity could increase, according to industry attorneys.
After sweeping Republican victories in elections this week, questions arise over who will lead the FHA, Ginnie Mae and the Department of Housing and Urban Development.