"What Fannie and Freddie and the FHFA should be doing is trying to convince Congress it’s time to get them out of conservatorship," said James Lockhart, the former director of the Federal Housing Finance Agency.
Lenders must maintain policies and procedures that detail the underwriting factors they used and retain documentation showing how they took those factors into account in the ability-to-repay determination.
In 2023, CFPB Director Rohit Chopra met with dozens of representatives of foreign government bodies, as well as some stakeholder advocates in other countries.