The former Texas lawmaker and NFL player was executive director of the White House Opportunity and Revitalization Council in Trump 1.0.

Lender trade groups are maintaining hope that Congress will vote to pass a trigger lead ban before the December holidays.

Industry watchers expect the fiscal year 2025 budget appropriation bill to get kicked further down the road through another continuing resolution.

The proposed changes, the trade group said, will help decrease costs and inefficiencies for both lenders and consumers.

Industry trade groups noted that the increase comes on top of a 400% price hike over the past two years. They also argued that the credit re-porting bureaus will inevitably add additional price hikes.

The mortgage finance and housing communities are hopeful of strong housing affordability policies from a second Trump term, but expect the approach to differ from efforts under the Biden administration.

Regulators warn that there is no exemption in fair lending laws for advanced technology.

The Trump administration and Republican leadership in both houses of Congress will likely lead to the reversal of many Biden-era fair lending and equitable finance rules and guidelines, but affordable housing is still a bipartisan issue.

Issuance of Ginnie Mae mortgage-backed securities with refinance loans increased sharply for the third straight month in October. However, the refi business appears poised to slow as interest rates on mortgages increased through October. (Includes two data tables.)

Mortgage servicers and agency officials speaking at the Mortgage Bankers Association’s recent annual convention shared their experiences implementing the new VASP loss-mitigation program.