The trigger leads bill has become a 2025 priority for the mortgage industry after failing to pass the House of Representatives last week, despite Senate approval. Mortgage trade groups, however, remain optimistic about the bill’s prospects in the 119th Congress.

“It would still have to get through the House [this year], which is technically possible but very unlikely,” said Brendan McKay, owner of Mckay Mortgage and chief advocacy officer at the Broker Action Coalition (BAC).

The legislation, introduced by Sens. Jack Reed (D-RI) and Bill Hagerty (R-TN), passed the Senate on Tuesday without details ⇒

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