"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.

Rep. Mike Flood, R-NE, pointed to regulations (largely at the state/local level) and the cost of materials as the main drivers limiting the supply of homes for sale.

The largest pending change to the MCR is that it will support implementation of prudential standards.

So far, there's been no snafus on the approval of Ginnie Mae servicing sales.

HUD has no oversight authority over the GSEs, but it looks as though the HUD secretary will have a seat at the restructuring table.

UWM's Ishbia said, “I think these things are massive, massive wins for our industry.”

No explanation for the dismissals was provided in the court filings that announced the moves.

“Any time you can take risk away from the taxpayers and give it to the private market is a win,” he said.

Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.