Denial rates for most mortgage products declined on an annual basis in 2025, though denials of applications for purchase mortgages via FHA and USDA increased slightly. (Includes data table.)

Matt Tully, chief compliance and customer success officer at Sagent, said the mortgage industry wants Reg. X updates to reflect experiences over the last decade.

The former director of the CFPB will lead California’s new Business and Consumer Services Agency, which will launch July 1.

Credit history was cited less by lenders last year as a reason for denying an application for a refinance, while debt-to-income ratio persisted as the top reason for rejecting applications for a purchase mortgage. (Includes data table.)

Members of a CFPB task force established during the first Trump administration are asking the bureau to consider implementing several of their recommendations tied to closing costs, internal reorganization and the bureau’s overall structure.

The changes are part of the Conference of State Bank Supervisors’ ongoing efforts to improve the NMLS user experience and respond to user feedback.

The Washington Supreme Court has issued a ruling restricting lenders’ ability to complete non-judicial foreclosures on HELOCs.

The CFPB said certain questions concerning barrier analysis, special emphasis programs and workforce demographics were contrary to President Trump’s executive orders.

Trump accounts were established by the One Big Beautiful Bill Act in 2025, and are set to launch this year. The accounts have tax benefits for children, and include a $1,000 contribution from the federal government for kids born between 2025 and 2028.

CFPB appeals its funding argument to the Ninth Circuit; CFPB leadership planning to direct staff to return to office; Senate Republicans block efforts by Democrats to roll back some of the Trump administration’s CFPB changes.