Washington's Regulatory Rollercoaster Is Reshaping Mortgage Lending

The federal policy landscape is transforming at breakneck speed, with sweeping changes across regulatory agencies that directly impact credit union mortgage operations. Leah Dempsey, Shareholder at Brownstein Hyatt Farber Schreck, joins ACUMA President Peter Benjamin to unpack these developments and provide crucial insights for mortgage professionals navigating this new terrain and what to watch for in the coming months:New leadership at FHFA with CEOs of Fannie and Freddie replaced, and John Roscoe appointed chief operating officer.GSE reform appears back on the agenda with Trump administration appointees who have experience in this areaCFPB is awaiting confirmation of Jonathan McKernan, who may take an approach similar to Kraninger era with more explicit regulatory guidanceDOGE initiative expanding to NCUA and potentially bypassing notice-and-comment rulemaking for specific regulatory changesWhite House is considering rescinding regulations that don't align with Loper-Bright's decision limiting agency authority.Senate Banking Committee planning markup sessions on housing legislation in coming months, showing bipartisan interestThe impact of tariffs creates market volatility that affects mortgage rates and potentially complicates longer-term GSE reform plans.Credit union professionals benefit from clear rules of the road and fair regulation tailored to their unique structure.Stay connected with ACUMA for continued updates as these rapid changes unfold. With new leadership at multiple agencies bringing fresh regulatory philosophies, credit union mortgage professionals must remain vigilant and engaged to navigate this dynamic policy environment successfully.Sponsored by Loan Vision.