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.

Chairs of the Senate Veterans Affairs Committee and the Senate Committee on Banking, Housing and Urban Affairs lose re-election bids; HUD announces sale of residential loans on non-vacant properties; FHA issues standards for flood risk management tied to minimum property standards; FHA appraisal data added to Uniform Appraisal Dataset.

FHFA and CFPB insiders expect the new administration to make quick changes in agency leadership, a process made easier by Republicans gaining control of the Senate.

FHFA Deputy Director Naa Awaa Tagoe announced several policy changes impacting the GSEs.

FHFA plans for board structure changes; Justice Department sues Rocket over refi discrimination; Redwood markets jumbo ARM securitization; LoanCare launches digital recapture product.

The list of challenges facing FHFA include the GSEs’ multifamily business, the Office of Inspector General said in a new report.

Deputy Secretary of Treasury Wally Adeyemo hinted that the government might reduce its support of the FHLBanks if they don’t put more funds toward affordable housing.

Consumer advocates and fintechs believe artificial intelligence can help improve fair lending practices, but federal regulators need to take action so lenders will follow suit.

It’s possible that some large lenders are offering 2025 conforming loan limits that are higher than where FHFA will set the limits. If that’s the case, there could be complications but no major concerns.

Members of the Senate Budget Committee debated whether federal funding has any role to play in boosting the supply of affordable housing.