Promoting Access to Mortgage Credit

This EO directs the Director of the CFPB, the federal banking regulators (Federal Reserve, FDIC, OCC, NCUA), and the Director of the FHFA to consider tailoring mortgage regulations for community banks and smaller banks (those with assets under $100 billion), including amendments to ability-to-repay/qualified mortgage rules, TILA-RESPA disclosure requirements, and HMDA reporting thresholds, along with revisions to capital and liquidity rules, appraisal standards, servicing supervision, enforcement policy, and loan-officer licensing, and directs adoption of digital mortgage processes such as electronic signatures and remote online notarization. It also directs the Director of the FHFA to submit a report on the efficiency of national housing finance markets to the Assistant to the President for Economic Policy and the Director of the Office of Management and Budget within 120 days.

None.

No known legal challenges.