Key Advantages of 2026 Mortgage Relief Initiatives

Modernization of Home Home Mortgage Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB shall think about, as appropriate and consistent with relevant law, proposing amendments to Guideline C to raise the possession threshold for exemption from HMDA information collection and reporting requirements for smaller banks, to exclude inquiries from the scope of HMDA, and to ensure that disclosures secure personal privacy and minimize burdens, including insufficiently customized, pricey, and complex software application and training required for reporting monetary organizations.

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4. Capital and Liquidity Alignment. (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 Financing Company (FHFA) shall think about, as appropriate and consistent with relevant law: (i) modifying capital guidelines, constant with suitable risk-management requirements, to tailor danger weights for all banks, consisting of neighborhood banks and other smaller sized banks, for portfolio home loans, maintenance rights, and warehouse lines of credit to the product credit danger of the direct exposure; (ii) modernizing collateral valuation and transfer systems between the Federal Reserve and Federal Mortgage Banks (FHLBs); (iii) expanding access to longerdated FHLB advances tied to domestic mortgage assets; (iv) producing targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and small residential builders; (v) speeding up collateral boarding and valuation procedures through standardized information and digital paperwork; and (vi) refocusing the FHLBs' Cost Effective Real estate 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 pertinent executive departments and firms, shall send a report to the Assistant to the President for Economic Policy and the Director of the Office of Management and Budget on the efficiency of nationwide housing finance markets.

Ways to Handle Mortgage Debt Effectively Now

Construction and Real Estate 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 think about, as suitable and constant with relevant law, modifying supervisory assistance both to exclude one-to four-family residential advancement and construction loaning from commercial real estate concentration guidance and to ensure supervisory expectations support responsible building loaning by community 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 shall think about, as appropriate and constant with suitable law and their statutory authorities: (i) modernizing appraisal policies and assistance to expand making use of alternative valuation designs, desktop and hybrid appraisals, and synthetic intelligence appraisal tools; (ii) streamlining appraiser qualification 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.

Sec. 7. Digital Mortgage Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall consider, as suitable and consistent with relevant law: (i) eliminating unneeded wetsignature requirements for disclosures, applications, closing files, and comparable documents; (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 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 constant with appropriate law: (i) lining up supervisory expectations to support portfolio home loan maintenance as a core neighborhood banking function; extending curefirst standards to goodfaith servicing mistakes; simplifying loss mitigation requirements; and releasing a proposed guideline offering exemptions from intricate home loan services for smaller banks; and (ii) making sure that supervisory assessments of performing, prudently underwritten portfolio loans do not concentrate on technical flaws or depend on developing supervisory analyses.

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 think about, as suitable and consistent with appropriate law, promoting a policy against enforcement actions for infractions of customer monetary laws that: (i) dissuades enforcing civil financial charges, other than where the underlying violations are willful, knowing, or careless; (ii) thinks about excellent corporate conduct, including a bank's correction of good-faith, technical compliance errors; and (iii) enables organizations a reasonable opportunity for self-identification and removal of appropriate compliance matters.