The White House wants the head of the CDFI Fund to explain which of its functions are statutorily required.

Pulte said that any exit by the GSEs from conservatorship “must be carefully planned to ensure the safety and soundness of the housing market without putting upward pressures on mortgage rates.”

The freeze was extended to allow a U.S. district court judge to rule on a legal challenge to planned layoffs at the CFPB.

The bill would cap purchases under the VASP program to 250 loans annually.

The AG claims HEIs are comparable to reverse mortgages and should be regulated as such.

The Mortgage Bankers Association is eager to see McKernan and Pulte confirmed.

"Nothing about the current CFPB situation changes the fundamental obligation [of lenders] to collect and report lending data," said Kareem Saleh, CEO of FairPlay.

Sen. Elizabeth Warren, D-MA, said responses to her questions from both Jonathan McKernan, nominee to lead the CFPB, and Bill Pulte, nominee to lead the FHFA, were disqualifying.

Rep. Mike Flood, R-NE, pointed to regulations (largely at the state/local level) and the cost of materials as the main drivers limiting the supply of homes for sale.

The largest pending change to the MCR is that it will support implementation of prudential standards.