Securing New Home Assistance in 2026

Sec. 3. Modernization of Home Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB will think about, as appropriate and consistent with applicable law, proposing changes to Policy C to raise the possession limit for exemption from HMDA data collection and reporting requirements for smaller sized banks, to leave out inquiries from the scope of HMDA, and to ensure that disclosures secure privacy and decrease burdens, including insufficiently tailored, expensive, and complex software and training needed for reporting banks.

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4. Capital and Liquidity Positioning. (a) The Vice Chairman for Guidance of the Federal Reserve, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the Federal Real Estate Finance Firm (FHFA) shall think about, as suitable and constant with relevant law: (i) modifying capital policies, constant with proper risk-management requirements, to customize danger weights for all banks, consisting of community banks and other smaller sized banks, for portfolio home loans, servicing rights, and storage facility credit lines to the material credit danger of the exposure; (ii) improving collateral assessment and transfer systems in between the Federal Reserve and Federal Home Loan Banks (FHLBs); (iii) expanding access to longerdated FHLB advances tied to residential home loan assets; (iv) developing targeted FHLB liquidity programs for entrylevel housing, owneroccupied purchase loans, and little domestic contractors; (v) accelerating security boarding and appraisal processes through standardized information and digital documents; and (vi) refocusing the FHLBs' Cost Effective Housing Program on faster-cycle execution and higher financial leverage for small-scale and owner-occupied housing projects.

(c) Within 120 days of the date of this order, the Director of the FHFA, in assessment with the heads of other appropriate executive departments and firms, shall send a report to the Assistant to the President for Economic Policy and the Director of the Workplace of Management and Spending plan on the performance of national real estate finance markets.

Proven Ways to Lower Mortgage Payments Today

Sec. 5. Construction and Real Estate Supply. (a) The Vice Chairman for Guidance of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency, will consider, as suitable and consistent with relevant law, modifying supervisory assistance both to exclude one-to four-family property development and building loaning from commercial property concentration guidance and to ensure supervisory expectations support accountable construction financing by neighborhood banks.

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6. Appraisal Modernization. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the FHFA shall consider, as proper and constant with relevant law and their statutory authorities: (i) modernizing appraisal policies and guidance to expand the usage of alternative evaluation models, desktop and hybrid appraisals, and expert system appraisal tools; (ii) simplifying appraiser credentials requirements; and (iii) reducing appraisal requirements for low-risk transactions, consisting of low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Digital Mortgage Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA will consider, as suitable and constant with appropriate law: (i) removing unneeded wetsignature requirements for disclosures, applications, closing files, and similar documents; (ii) standardizing approval of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home loan requirements.

8. Servicing and Supervisory Certainty. (a) The Secretary of HUD, the Vice Chairman for Guidance of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency shall consider, as appropriate and consistent with appropriate law: (i) lining up supervisory expectations to support portfolio mortgage maintenance as a core neighborhood banking function; extending curefirst standards to goodfaith maintenance mistakes; simplifying loss mitigation requirements; and providing a proposed rule supplying exemptions from complicated mortgage services for smaller sized banks; and (ii) ensuring that supervisory examinations of performing, prudently underwritten portfolio loans do not concentrate on technical flaws or rely on progressing supervisory interpretations.

9. Enforcement. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency will consider, as proper and constant with appropriate law, promulgating a policy against enforcement actions for infractions of consumer financial laws that: (i) prevents enforcing civil financial charges, except where the underlying offenses are willful, knowing, or reckless; (ii) considers great business conduct, consisting of a bank's correction of good-faith, technical compliance errors; and (iii) enables institutions an affordable chance for self-identification and removal of suitable compliance matters.