"It's difficult for the market to know what to do with this news," said Michael Bright, CEO of the Structured Finance Association.

Trump noted that Fannie and Freddie are “doing very well and throwing off a lot of CASH.”

Among many other provisions, the tax reforms included in the bill passed by the House would make the mortgage interest deduction permanent.

There are concerns about high debt-to-income ratios, high loan-to-value ratios and “iffy” appraised values.

Rumors that Incenter might be in play surfaced two weeks ago.

The rule offered temporary amendments under Regulation X to borrowers affected by a COVID-19-related hardship.

Freddie is touting the use of machine learning in LPA and cost savings for lenders.

The Treasury plans to coordinate de-regulation through the Financial Stability Oversight Council.

The bill would keep the limit on the mortgage interest deduction at $750,000.

State regulators, smaller banks and credit unions all oppose a potential move by the Trump administration to consolidate federal bank regulatory agencies.