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FHA rescinds 12 policies as Trump administration pushes to cut red tape

June 27, 2025 by bp56691
Scott Turner, the secretary of the U.S. Department of Housing and Urban Development (HUD), which oversees the FHA, said in a statement that the rescissions are “bold, necessary and long overdue.”
Categories Appraisals, FHA, FHA loan, Flood, Government Lending, HUD, HWmember, Mortgage, Regulatory, Regulatory Compliance, Scott Turner, Underwriting

FHFA Director Bill Pulte says arrested Freddie Mac would-be bomber still contacting him

June 27, 2025 by bp56691
FHFA Director Bill Pulte said a fired Freddie Mac employee who was arrested in March for threatening to blow up the Freddie Mac building has continued to contact him.
Categories Bill Pulte, FHFA, Freddie Mac, HWmember, Mortgage, Politics, Regulatory

Trump’s assault on DEI hasn’t ended federal efforts to stop appraisal bias

June 26, 2025 by bp56691
While the Trump administration has rolled back many regulations around appraisal bias, some remain in place.
Categories Appraisals, Appraisals and Valuations, Department of Justice, Discrimination, Fair Housing, HWmember, Legal, Mortgage, Regulatory, Rocket Mortgage, Trump Administration

House passes abusive trigger leads ban

June 23, 2025 by bp56691
A final rule is expected by the end of 2025.
Categories HWmember, LendingLife, Mortgage, Mortgage Bankers Association, Origination, Regulatory, U.S. House of Representatives

Massachusetts set to bar home sellers from requiring inspection waivers

June 16, 2025 by bp56691
The policy prohibits sellers and agents from requiring or encouraging buyers to waive a home inspection as a purchase condition.
Categories Affordability, Home inspections, Home Sales, Homebuyers, HWmember, Massachusetts, Real Estate, Real Estate Agents, Regulatory, Regulatory Compliance

Federal Reserve watchdog investigates efforts to dismantle CFPB

June 12, 2025 by bp56691
The Federal Reserve watchdog is reportedly taking a closer look at efforts to dismiss staff and cancel contracts at the CFPB.
Categories CFPB, Elizabeth Warren, Federal Reserve, Housing Market, HWmember, Massachusetts, New Jersey, Politics, Regulatory, Senate

CFPB enforcement head resigns, citing ‘no intention to enforce the law’

June 10, 2025 by bp56691
Cara Petersen, the acting CFPB enforcement director, has resigned, citing a lack of intention to “enforce the law in any meaningful way.”
Categories CFPB, Donald Trump, Housing Market, HWmember, Regulatory, Regulatory Compliance, Trump Administration

White House expects reverse mortgages to continue producing government receipts

June 4, 2025 by bp56691
The White House expects continued performance from the HECM portion of the MMI Fund, according to a recent budget document.
Categories FHA, HECM, HUD, HWmember, Regulatory, Reverse, White House

HUD walks back prior default guidance as too ‘burdensome’ for mortgage servicers

June 3, 2025 by bp56691
A new mortgagee letter said that some of the Biden administration’s final servicing guidance was too “burdensome,” resulting in changes.
Categories FHA, HUD, HWmember, Mortgage, Mortgage Servicing, Regulatory, Trump Administration

Mat Ishbia: GSEs acting ‘private’ in conservatorship could be best of both worlds

June 2, 2025 by bp56691
Mat Ishbia, president and CEO of United Wholesale Mortgage, is confident that if ending the conservatorship results in higher rates, it’s unlikely the government will move forward with it.
Categories Bill Pulte, Donald Trump, Fannie Mae, Freddie Mac, GSE Reform, HWmember, LendingLife, Mat Ishbia, Mortgage, Regulatory, Trump Administration, United Wholesale Mortgage
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