The trade group representing credit reporting agencies said MBA’s proposal to move to a single-bureau report is more about lowering costs for lenders than saving money for consumers.
With states increasing their regulation of artificial intelligence, trade groups representing the mortgage industry are concerned state regulation will interfere with federal mandates.
House Republicans blamed regulations and immigration, while Democrats believe President Trump’s effort to ban institutional investors from buying single-family homes didn’t go far enough.
Rather than detailing new policies to address housing affordability, President Trump highlighted two recent announcements. He also warned that he could “crush” the housing market.
The executive order seeks to limit institutional investors from purchasing single-family homes, but some market participants believe it would do little to boost housing affordability nationally.
Treasury Secretary Scott Bessent confirmed industry speculation that President Trump directed the GSEs to purchase $200 billion in MBS to offset Federal Reserve policy.
CFPB Acting Director Russell Vought noted his disagreement with the court’s opinion in his funding request to the Fed. Vought’s time at the bureau is on the clock under the Federal Vacancies Reform Act.
HUD said its prior assertion that the disparate-impact regulations provided “clarity and predictability” is diminished following the Supreme Court decision overruling the Chevron framework.
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