Trump’s election win stalled the Biden administration’s effort to impose tougher capital requirements for banks. Federal regulators are likely to continue to work on the reforms, but in a more bank-friendly way.

Freddie moves forward on second-lien pilot; MBA supports Trump nominee to lead CFPB.

Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.

“Everyone else follows us,” said Mat Ishbia, chairman and CEO of United Wholesale Mortgage.

The rescinded AFFH rule had set fair housing obligations for certain recipients of HUD funding.

The government-sponsored enterprise received approval from the Federal Housing Finance Agency in June 2024 to acquire second liens.

Even with the lower margin, UWM boosted its net income, helped by improvements in the value of mortgage servicing rights.

The MBA said Jonathan McKernan’s experience and background working on housing policy make him a strong choice to lead regulatory reforms to reduce compliance costs.

More than 10,000 finance professionals registered for the conference.

A small group of lenders accounted for the majority of prime non-agency MBS issued in 2024. JPMorgan Chase was the leader in the market as both an issuer and lender. (Includes three data tables.)