“The shift of mortgage lending to nonbanks has undercut an important line of business for community banks,” said Treasury Secretary Scott Bessent.

Bulletins from the GSEs detailed updates to servicing guidelines.

Among a series of sports analogies, Scott Turner, a former player in the NFL, said that HUD and the mortgage industry would need to “huddle” to solve the housing affordability crisis.

The Biden administration made a big push to encourage the creation of SPCPs but the Trump administration appears to have a dim view of the programs.

“We’re consolidating divisions to focus on building more homes and strengthening safety and soundness,” said FHFA Director Bill Pulte.

The FHFA director announced regulatory cuts but no specifics were provided.

A district court issued a summary judgment in favor of Ginnie Mae in a lawsuit brought by Texas Capital Bank against the agency.

A hearing by a subcommittee of the House Financial Services Committee included consideration of 10 bills, some of which would drastically alter the CFPB’s practices.

Terminated federal probationary employees will soon be offered their jobs back if they live or work in Washington, DC or one of the 19 states that sued the Trump administration.

After Rohit Chopra was forced out, the CFPB saw two new leaders in less than one week.