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Industry participants would prefer to see rules updated rather than rescinded.

The trade group said the DOJ should limit its actions to investigations of entities that are truly engaged in intentional discrimination.

Some 16 groups sent a letter of support ahead of a markup in the House. Those in support include the Mortgage Bankers Association and the National Consumer Law Center.

The OCC said its current stance on preemption is in line with the Dodd-Frank Act and Supreme Court precedent.