The White House issued an executive order on March 13 directing agencies to consider broad reforms to mortgage lending rules across 11 areas, including origination standards, appraisals, servicing, digital processes, capital treatment, and enforcement posture. The order directs the CFPB to consider: a broader QM safe harbor for smaller banks (potentially defined as $30 billion and under) for portfolio loans; materiality-based TILA-RESPA disclosure standards; and adjusted QM caps for small mortgage loans. It also directs regulators to shift supervisory focus from technical process errors toward substantive compliance and borrower harm, and to extend “correction first” treatment to good faith errors.
Many provisions are framed primarily as benefiting banks or small banks, though the order states an intent to promote competition among lenders of all charter types.
Executive order: https://www.whitehouse.gov/presidential-actions/2026/03/promoting-access-to-mortgage-credit/