The Consumer Financial Protection Bureau (CFPB) published formal notice in the Federal Register on Thursday that it is seeking information on ways to expand access to mortgage credit and make home financing more widely available to consumers.
Four years into a home sales slowdown born of COVID-era distortions, the request from the only federal mortgage regulator tasked with supervising nonbank mortgage companies comes as Russell Vought, the bureau’s acting director, actively seeks to step back from nonbank supervision.
Justin Wiseman, managing regulatory counsel at the Mortgage Bankers Association, said in a statement shared with Scotsman Guide that the trade group “appreciates the CFPB’s willingness to consider how to improve mortgage regu...