The trade group is seeking guidance on a requirement that lenders consider and verify a borrower’s reasonably expected income or assets at or before consummation of a mortgage.

Industry participants are waiting on further details from the FHFA regarding a pilot to waive title insurance requirements.

Limited adoption by states of a new form meant to streamline reporting requirements is a “disappointment,” according to the MBA.

FHFA said changes to the survey will help to inform its oversight of the GSEs and Federal Home Loan Banks.

Adrianne Todman will serve as HUD’s acting secretary following the departure of Marcia Fudge.

“The CFPB’s blog post is baffling and reveals little understanding of how the mortgage market works or awareness of its own regulations that provide for full fee transparency and limits on what can be charged,” said Bob Broeksmit, president and CEO of the MBA.

Federal Reserve Chairman Jerome Powell said major revisions to the proposed capital requirements for large banks are likely.

The appropriations bill includes $54 million in funding for Ginnie for fiscal year 2024 compared with $40 million in funding for FY 2023.

State agencies established a set of mortgage and exam programs through the State Examination System.

Interest rates on GSE refis rose almost immediately after the adverse fee was announced and when FHFA removed the fee in July 2021, interest rates responded accordingly.