Nonbank mortgage companies would continue to face reporting obligations even if earnings disclosures from public companies become less frequent, as talked about by the Trump administration.
The Trump administration is ramping up discussions regarding reforms to the government-sponsored enterprises but it’s still not clear what the result will be. Whether Congress will take action is also an open question.
Many efforts started during the Biden administration won’t move forward. But servicing reforms are still in the works at the CFPB. And the bureau is considering major changes to LO comp.
Experts say financial incentives and public indifference contribute to the prevalence of occupancy fraud, but that the difficulty of proving intent limits prosecutions.
The Federal Housing Finance Agency, under the leadership of Bill Pulte, has made at least three criminal referrals to the DOJ about mortgage fraud, involving two Democrats.