A provision in the proposal would remove the requirement for banks to deduct mortgage servicing rights that reach a certain cap from common equity tier one capital and replace it with a 250% risk weighting on the assets, which might not be low enough to incentivize banks to increase their MSR holdings.

The Mortgage Bankers Association urged VA to adopt lender-generated documentation and bulk invoicing because loan-specific invoices are often not available.

Patrick Zondervan, executive director of the VA Loan Guaranty Service, said the agency was “absolutely willing” to examine its appraiser requirements.

The Supreme Court denied a petition from Nationwide Biweekly Administration to hear an appeal of a lawsuit involving the Consumer Financial Protection Bureau.

HUD is investigating Washington State's Covenant Homeownership Program over allegations that the program violates the Fair Housing Act by imposing some eligibility restrictions based on racial descent.

"An 88% operating margin and a compound annual growth rate of 100% in per-score pricing over five years are not hallmarks of a competitive market," said Sen. Josh Hawley, R-MO.

Rep. Maxine Waters, D-CA, the ranking member of the House Financial Services Committee, called on Democrats in the House to seek a conference committee process for H.R. 6644, the 21st Century ROAD to Housing Act.

The bureau said its strategic goals were shaped by and are in alignment with President Trump’s “economic strategy and management agenda.”

Changing priorities from the White House have put talks on ending the GSE conservatorship on the back burner.

“We welcome regulators’ efforts to enable banks of all sizes to make more loans to American businesses and households, fueling economic growth while maintaining resilience in the banking system,” said trade groups representing banks.