ICBA is working on revised disclosures under TILA-RESPA Integrated Disclosure rules for construction loans.

FHFA Director Pulte said he found $100 million in cost savings at Fannie Mae alone.

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

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.

McKernan was nominated for CFPB director in February, and it was expected that he would be confirmed as soon as this month.

Recent comments by the FHFA director suggest the Trump administration has no immediate plans to release Fannie and Freddie from conservatorship. Rather, FHFA will continue to focus on fraud and abuse at the enterprises.

Mortgage applications were up 11% on a weekly basis last week.

“We do believe that tariffs overall will be finalized... and I actually think interest rates will go down because of it,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.