Julia Gordon, in her final days as commissioner, granted low-income credit unions a waiver from meeting FHA’s net worth requirements for lenders. The action was only recently formally disclosed.
Most lenders will likely continue to follow existing laws and maintain responsible practices, according to a managing director at a bank’s investment division.
Despite the Trump administration’s efforts to defang the CFPB, securities market participants are wary the regulator still could crack down on malfeasance with a vengeance should political tides turn.
Intercontinental Exchange maintained its guidance for low- to mid-single digit revenue growth this year from its mortgage technology segment, supported by incoming clients.
Market participants are limiting the reach of federal student loan programs to spur more private loan activity, but borrowers with lower credit scores might get left behind.