Former CFPB Director Kathy Kraninger said a new bill from Republicans in the House will “protect consumers while providing certainty that is necessary for responsible institutions to serve their customers and innovate.”

FHFA director Bill Pulte expressed frustration that the credit bureaus haven’t sufficiently engaged in reform talks with FHFA, accusing them of “cartel-like” behavior.

H.R. 10184, the Consumer Financial Protection Accountability and Reform Act, would bring the CFPB under the congressional appropriations process, require cost-benefit analyses for rulemakings and stipulate periodic reviews of major rules to ensure their benefits justify their costs.

Ishbia said it’s unlikely that changes to LLPAs will be “massive” or across the board.

Land contracts lack protections that apply to mortgages and often carry worse terms for homebuyers than mortgages, the Pew Charitable Trusts noted.

Stricter condo lending standards at Fannie Mae and Freddie Mac could drive some borrowers to the non-agency market.

Federal Housing Finance Agency Director Bill Pulte directed Fannie Mae and Freddie Mac to end support for special purpose credit programs earlier this year. But now other agencies are also ending authorization for the programs.

AI is being used across the compliance process to make reviews more efficient, according to industry experts who spoke on a podcast hosted by the Conference of State Bank Supervisors.

Pulte-led Federal Housing Finance Agency presides over further reductions in the senior staff at Fannie Mae, terminating as many as a dozen executives last week.