Future Trends in Mortgage Support

Modernization of Home Home Loan Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall consider, as suitable and consistent with appropriate law, proposing changes to Guideline C to raise the property limit for exemption from HMDA information collection and reporting requirements for smaller banks, to omit questions from the scope of HMDA, and to make sure that disclosures safeguard personal privacy and lower concerns, consisting of insufficiently tailored, costly, and complex software and training required for reporting monetary institutions.

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4. Capital and Liquidity Positioning. (a) The Vice Chairman for Supervision 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 Housing Financing Firm (FHFA) shall consider, as proper and constant with appropriate law: (i) revising capital guidelines, consistent with proper risk-management requirements, to tailor threat weights for all banks, including community banks and other smaller sized banks, for portfolio home loans, maintenance rights, and storage facility lines of credit to the product credit risk of the direct exposure; (ii) updating collateral appraisal and transfer systems in between the Federal Reserve and Federal Home Mortgage 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 small property home builders; (v) accelerating security boarding and assessment procedures through standardized data and digital documentation; and (vi) refocusing the FHLBs' Budget-friendly Real estate Program on faster-cycle execution and higher financial utilize for small 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 pertinent executive departments and companies, will send a report to the Assistant to the President for Economic Policy and the Director of the Office of Management and Spending plan on the efficiency of nationwide real estate financing markets.

2026 Trends in Housing Support

Construction and Housing Supply. (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 applicable law, modifying supervisory guidance both to omit one-to four-family property development and construction lending from business genuine estate concentration assistance and to ensure supervisory expectations support responsible building and construction financing 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 suitable and constant with appropriate law and their statutory authorities: (i) improving appraisal regulations and guidance to broaden making use of alternative appraisal designs, desktop and hybrid appraisals, and synthetic intelligence assessment tools; (ii) streamlining appraiser credentials requirements; and (iii) decreasing appraisal requirements for low-risk deals, consisting of low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Sec. 7. Digital Home Loan Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall think about, as appropriate and consistent with relevant law: (i) removing unneeded wetsignature requirements for disclosures, applications, closing files, and similar documents; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home mortgage standards.

8. Servicing 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 think about, as proper and constant with applicable law: (i) aligning supervisory expectations to support portfolio mortgage servicing as a core neighborhood banking function; extending curefirst requirements to goodfaith servicing mistakes; streamlining loss mitigation requirements; and issuing a proposed guideline providing exemptions from complex home loan services for smaller sized banks; and (ii) ensuring that supervisory assessments of performing, wisely underwritten portfolio loans do not concentrate on technical flaws or rely on progressing supervisory interpretations.

9. Enforcement. (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 consider, as suitable and consistent with suitable law, promoting a policy versus enforcement actions for offenses of customer financial laws that: (i) prevents enforcing civil financial penalties, other than where the underlying infractions are willful, knowing, or reckless; (ii) thinks about excellent corporate conduct, including a bank's correction of good-faith, technical compliance mistakes; and (iii) allows institutions an affordable opportunity for self-identification and removal of proper compliance matters.