In 2024, a trade group expressed significant frustration over regulatory measures like the Basel III Endgame rule and FSOC's increased oversight of independent mortgage bankers. They believe these regulations elevate costs and diminish competition for borrowers. Industry representatives voiced concerns about the effect of government regulation cuts on agencies critical to mortgage banking. Additionally, fears surrounding a potential trade war and recession add to investor anxiety. The changes in policies and economic conditions are causing disruption and uncertainty in the mortgage market, leaving many lending programs in limbo.
"More than $93,000 of the final price of a new home is due to government regulations. We are concerned this will reduce competition and increase costs for borrowers."
"The regulatory pendulum appears to be swinging back to loosen some constraints, but there are fears the government may be pulling back too far, disrupting the marketplace."
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