By the second quarter of 2025, more than 50% of mortgages could hold interest rates higher than 4%, according to Mat Ishiba, chairman and CEO of United Wholesale Mortgage.
All work at the CFPB, including supervision and examination activities, has ceased following an order by the bureau’s new acting director. Several rulemakings are also on pause.
Federal regulation is needed for data privacy, earned wage access products and artificial intelligence, industry experts say. But states may end up carrying the ball on some of these issues plus others.