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Changes Coming to the CFPB as Trump Moves into the White House

Big Changes Coming to the Consumer Financial Protection Bureau's Sway in the Mortgage Industry as Trump Moves into the White House.

Although it's still too early to say with certainty what Trump has in mind for the housing industry, the possibility of significant regulatory change looms – especially over issues Republican policymakers have long been fighting, including banking and financial services oversight by the CFPB. The new administration is unlikely to oppose GOP plans to correct some of the perceived deficiencies in the Dodd-Frank Act, according to a statement made by Joseph Lynyak III, a partner of Dorsey & Whitney LLP, an international law firm and specialist in the inner workings of the CFPB.

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Mortgage Lender Sentiment Survey Q2 2016 Results

Lenders expect rising demand for purchase mortgages, while credit standards stay stable.

Fannie Mae’s Mortgage Lender Sentiment Survey® from the second quarter of 2016, reveals that as we head into Q3, lender attitudes toward the housing market have become increasingly optimistic.

Surveys that were conducted in May show that lenders are reporting an increase in GSE eligible purchase mortgages and according to various sources, this has occurred over the past three months. In part because of this, as is congruent with traditional seasonal variation, growth bounced back to 70 percent on net, compared with 20 percent in Quarter 1 2016 and 71 percent this time last year (Q2 2015).

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