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Short Takes: Terminated CFPB Employees Brought Back, Placed on Leave / Purchase-Mortgage Applications Hold Up / Positive Outlook for Interest Rates / Annaly Aggregating HELOCs

March 19, 2025
Brandon Ivey
Following a court order, the CFPB disclosed this week that it reinstated 117 probationary employees then immediately placed them on administrative leave.
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Pulte Revamps GSE Boards, Including a DOGE Addition

March 18, 2025
Dennis Hollier
Christopher Stanley, a security engineer at SpaceX, is the first member of Elon Musk’s Department of Government Efficiency to join a GSE board.
Read More

CFPB Quickly Processing Complaints After a Slowdown

March 18, 2025
Brandon Ivey
In recent weeks, the Trump administration took steps to restore complaint processing efforts at the CFPB.
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Short Takes: Trump Nominates Bowman for Fed Vice Chair for Supervision / OCC Ends Loss-Mit Consent Order With Wells / Housing Starts Increase / HUD, DOI Form Task Force

March 18, 2025
Brandon Ivey
Michelle Bowman has expressed industry-friendly views on various regulatory issues.
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Trump Executive Order Could Endanger CDFIs, Lending

March 17, 2025
Brandon Ivey
The White House wants the head of the CDFI Fund to explain which of its functions are statutorily required.
Read More

Pulte Confirmed as FHFA Director

March 14, 2025
Dennis Hollier
Pulte said that any exit by the GSEs from conservatorship “must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates.”
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Short Takes: CFPB Firing Freeze Extended / The Drawback of Buydowns / Mixed Trends in Applications Tied to New Construction / Kittle Advising Beeline

March 13, 2025
Brandon Ivey
The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.
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Bill in House Would Drastically Limit VA Servicing Program

March 12, 2025
Emmeline Willey
The bill would cap purchases under the VASP program to 250 loans annually.
Read More

HEI Provider Faces Lawsuit From Massachusetts AG

March 12, 2025
James Dohnert
The AG claims HEIs are comparable to reverse mortgages and should be regulated as such.
Read More

Senate Committee Moves McKernan, Pulte Nominations Forward

March 7, 2025
Brandon Ivey
The Mortgage Bankers Association is eager to see McKernan and Pulte confirmed.
Read More
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