The trade association also offered several recommendations the CFPB should take up to provide some "flexibility" within the rule.

FHA also lowered restrictions on building in areas with flood risk.

The founders of the Brody Gapp law firm have mortgage-industry backgrounds.

FHFA's director ordered Fannie and Freddie to develop proposals for including cryptocurrency in borrower reserves when underwriting mortgages.

The Mortgage Bankers Association and the American Bankers Association separately called for the CFPB to keep an anti-evasion exception established during the pandemic to help facilitate loan modifications.

Legislation to limit trigger leads passed the House and Senate with minor differences.

The Senate joined the House in passing legislation to restrict trigger leads tied to mortgage applications.

Dimon guessed that, overall, Chase has probably lost money on mortgages in the past 50 years.

The House Financial Services Committee approved H.R. 2808, the Homebuyers Privacy Protection Act, with strong bipartisan support.

Industry participants would prefer to see rules updated rather than rescinded.