The Trump administration is describing The Great American Mortgage Corp. as "the all new Fannie Mae and Freddie Mac: bigger and better than ever."

The ruling by the appeals court allows the Trump administration to proceed with massive layoffs at the bureau. One of the three judges to hear the case dissented, arguing that the courts are shifting power from Congress to the executive branch.

The Trump administration has delayed compliance with the rule until mid-2026 at the earliest and the CFPB is working to revise the Biden-era requirements. Trade groups representing lenders provided plenty of suggestions to reduce burdens from the rule.

The bureau is considering raising the bar for triggering oversight of nonbanks in consumer reporting, consumer debt collection, automobile lending and international money transfers.

The Bank Policy Institute and others stressed that industry participants shouldn’t have to comply with a rule given that the CFPB plans to substantially revise it.

Sen. Warren said, "Fortunately, the administration cannot yet resume its illegal attempt to shut down the CFPB..."

“Ultimately the goal is to continue to find ways to do more at a lower cost,” said one large unidentified lender surveyed by Fannie.

Chase has issued a handful of DSCR securitizations since 2022, with a $371.3 million deal in the works.

The MBA anticipates upward pressure on mortgage delinquencies.

Bilt is a payments platform that offers rewards to consumers. The company recently received a $100 million investment from United Wholesale Mortgage at a valuation of $10.75 billion.