Comparing Assistance vs Short Sale Prevention

Sec. 3. Modernization of Home Home Loan Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall think about, as suitable and consistent with relevant law, proposing modifications to Guideline C to raise the possession threshold for exemption from HMDA information collection and reporting requirements for smaller banks, to exclude questions from the scope of HMDA, and to ensure that disclosures safeguard personal privacy and decrease problems, consisting of insufficiently tailored, expensive, and complex software application and training required 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) will think about, as proper and consistent with applicable law: (i) modifying capital regulations, consistent with appropriate risk-management requirements, to tailor threat weights for all banks, including neighborhood banks and other smaller banks, for portfolio home mortgages, maintenance rights, and warehouse lines of credit to the product credit threat of the direct exposure; (ii) updating security appraisal and transfer systems between the Federal Reserve and Federal Home Loan Banks (FHLBs); (iii) expanding access to longerdated FHLB advances tied to domestic mortgage properties; (iv) producing targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and small domestic contractors; (v) accelerating security boarding and evaluation procedures through standardized information and digital documents; and (vi) refocusing the FHLBs' Cost Effective Housing Program on faster-cycle execution and greater monetary leverage for small and owner-occupied real estate tasks.

(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 agencies, will send a report to the Assistant to the President for Economic Policy and the Director of the Office of Management and Budget on the performance of national real estate financing markets.

2026 Changes in Mortgage Support

Sec. 5. Building and Housing 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, shall think about, as appropriate and consistent with applicable law, revising supervisory guidance both to omit one-to four-family property development and building loaning from commercial realty concentration guidance and to ensure supervisory expectations support accountable construction lending by neighborhood banks.

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6. Appraisal Modernization. (a) The Vice Chairman for Guidance 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 will consider, as proper and consistent with relevant law and their statutory authorities: (i) improving appraisal policies and guidance to broaden using alternative assessment models, desktop and hybrid appraisals, and artificial intelligence evaluation tools; (ii) simplifying appraiser credentials requirements; and (iii) reducing appraisal requirements for low-risk deals, including low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Sec. 7. Digital Home Mortgage Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA will consider, as proper and constant with suitable law: (i) removing unneeded wetsignature requirements for disclosures, applications, closing documents, and similar files; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home mortgage requirements.

8. Maintenance and Supervisory Certainty. (a) The Secretary of HUD, 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 consistent with suitable law: (i) aligning supervisory expectations to support portfolio home loan maintenance as a core community banking function; extending curefirst standards to goodfaith maintenance mistakes; streamlining loss mitigation requirements; and releasing a proposed rule providing exemptions from complex home mortgage services for smaller banks; and (ii) making sure that supervisory assessments of carrying out, prudently underwritten portfolio loans do not concentrate on technical defects or rely on developing 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 suitable and constant with relevant law, promulgating a policy against enforcement actions for infractions of consumer monetary laws that: (i) prevents enforcing civil financial penalties, other than where the underlying infractions are willful, knowing, or negligent; (ii) considers good corporate conduct, consisting of a bank's correction of good-faith, technical compliance mistakes; and (iii) allows organizations an affordable opportunity for self-identification and remediation of appropriate compliance matters.