The Mortgage Bankers Association said, if implemented, the proposed changes would make it “unattractive for banks to continue to offer” warehouse lines to nonbank mortgage companies.

The guidance was in response to a May 19 executive order regarding risks to the financial system from individuals not authorized to work in the U.S.

The Fair Credit Reporting Reseller Accuracy Act aims to reduce litigation for credit resellers.

Despite the lack of presidential support, lawmakers said the passage of the bipartisan bill was an important step in boosting housing affordability.

The proposed rule would eliminate reference to "reputational harm," ostensibly to reduce subjectivity and uncertainty in enforcement.

The 21st Century ROAD to Housing Act, which passed with bipartisan support, is set to automatically become law on Saturday without Trump's signature.

The trade groups are seeking some changes to condo appraisal policies set to go into effect next month as well as a delay in implementation.

The CFPB, HUD, VA and a number of other agencies are planning to issue proposals and final rules.

The RFI includes a variety of questions regarding timing requirements for TRID disclosures, fee disclosure tolerance thresholds, how borrowers’ right of rescission impacts refinances and issues involving reverse mortgages.

CHLA suggested the facility be modeled after the pass-through assistance program Ginnie launched in 2020 to support servicers facing liquidity shortfalls due to pandemic-related borrower forbearances.