Nonbanks are especially vulnerable and at-risk in the absence of consistent federal regulation, according to panelists at the Conference of State Bank Supervisors’ mortgage symposium.

Some 9.02% of purchase-mortgage applications were turned away in 2024, compared to 9.49% in the previous year, an analysis of HMDA data showed. (Includes data table.)

In just under two months, the bureau’s temporary mortgage servicing provisions enacted in response to the pandemic will end, potentially disrupting servicing operations.

The bureau’s proposed data broker rule was withdrawn. And the agency is considering whether it will also get rid of its nonbank registry final rule.

The exemption from standards for qualified mortgages would increase to include banks with up to $50 billion in assets.

The move is unlikely to have much impact on states, according to industry attorneys.

House passes budget bill that would slash CFPB funding cap; CFPB sharply reduces consent order fine; CFPB moving forward with ICBA testing for revised loan disclosures; FTA defends open banking rule.

President Trump said he’s seriously considering letting Fannie Mae and Freddie Mac go public. Industry participants are now waiting for specific details.

FHFA Director Bill Pulte criticized recent cost increases by FICO and indicated he’ll continue the move from Classic FICO to a combination of FICO 10T and VantageScore 4.0.

Speaking at the MBA’s secondary and capital markets conference this week, Fannie and Freddie executives appeared to tailor their remarks to address the priorities of the new FHFA director.