Barry Feierstein has served as chief operating officer at EasyKnock and Hamilton Insurance Agency.

Consumer advocates said the proposed changes will make it even more difficult for underserved markets to access credit, particularly people of color that continue to experience redlining and lending discrimination.

Trade groups and consumer advocates go different ways in their feedback on proposed changes to data collection on small-business lending.

The Mortgage Bankers Association said a federal policy framework for AI will give lenders and technology partners the “certainty” needed to deploy the tech safely and responsibly. It will also limit state regulation.

The MBA and CHLA have issued statements showing mortgage industry support for a new executive order that would limit state regulation of artificial intelligence.

Long-time industry analyst Chris Whalen said the GSE plans to disqualify some types of capital from use to calculate net worth.

Lending standards are loosening as more borrowers opt for adjustable-rate mortgages.

The Mortgage Bankers Association has called on lawmakers to end tri-merge requirements for loans sold to the government-sponsored enterprises following reports of increased pricing for credit reports.

The Mortgage Bankers Association and a local trade group said imposing Community Reinvestment Act requirements on nonbanks isn’t the way to address the barriers to homeownership.

Bob Broeksmit, president and CEO of the Mortgage Bankers Association, said the rise in credit report pricing shows that the MBA is right to push for the end of the tri-merge credit reporting structure.