Some Democrats in Congress have also sought to limit institutional investment in the single-family market in recent years.

CFPB Consumer Advisory Board member Chelsie Evans, executive director of Hawaiian Community Assets, said that for genuine collaboration among the CFPB, lenders and community organizations, “the system must ensure that families do not bear all the risk, while institutions bear none.”

Measures contained in bipartisan housing packages in both the Senate and House would attach a disclosure to the military service question on the uniform residential loan application to raise awareness of VA loans.

The CDIA said that credit washing, encouraged by credit repair organizations, is driving the increase in complaints submitted to the CFPB.

The appeal follows a 2-1 ruling that would allow the Trump administration to greatly reduce staffing levels and activity at the CFPB.

The House Financial Services Committee approved the Housing for the 21st Century Act on a 50-1 vote.

“[The Trump administration’s] position is wrong as a statutory interpretation and is at odds with Congress’ plan in setting up the [CFPB],” according to an amicus brief filed by Democrats.

The MBA said FHFA should allow lenders to use a single credit report when delivering mortgages to the GSEs if the initial report shows that the borrower has a credit score of 700 or higher.

Fannie recently considered strengthening its net worth requirements for large nonbank issuers.

The MBA and CHLA have issued statements showing mortgage industry support for a new executive order that would limit state regulation of artificial intelligence.