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Mortgage Policy Changes in Trump's First 100 Days
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In his first 100 days, President Trump turned the mortgage and housing world upside down with a whirlwind of changes. Here's the scoop:

CFPB Leadership and Activity: The Consumer Financial Protection Bureau (CFPB) decided to take it easy, reducing some enforcement actions. But when they tried to go on a staff-cutting spree, a federal judge said, "Not so fast!"

Borrower and Consumer Policies: The FHA tossed out a Biden-era appraisal review policy like yesterday's leftovers. Meanwhile, the FCC hit the snooze button on a rule about auto-dialed marketing calls, and the CFPB put a freeze on some consumer protections, including one that would have kicked medical debt off credit reports.

Eligibility Adjustments for Government-Backed Loans: The FHA and USDA decided to play bouncer, ending eligibility for certain non-citizen borrowers, including DACA recipients and work visa holders. "No loans for you!" they declared, starting in May.

Changes to Loss Mitigation Programs: The Department of Veterans Affairs (VA) decided to wrap up its loan relief option (VASP) on May 1. The FHA, not wanting to be left out, plans to phase out a temporary loan modification program by September.

Oversight and Enforcement Updates: The FHFA decided to scale back renter protections and waved goodbye to enforcing certain unfair practice rules. The CFPB is even thinking about ditching a registry for repeat nonbank offenders. "Who needs oversight anyway?" they mused.

Construction and Development Regulations: HUD and FHFA decided that building requirements like elevation and energy-efficiency standards were just too much of a hassle. So, they postponed or removed them, citing cost and regulatory burden concerns. "Let's just build it our way," they said.