Jonathan McKernan’s nomination to be the next permanent director of the Consumer Financial Protection Bureau (CFPB) didn’t come out of left field, but it still surprised many housing finance insiders given all that’s happened at the consumer watchdog over the last two weeks.

McKernan’s nomination came on the heels of Elon Musk‘s baby-faced DOGE lieutenants gaining access to agency files and Acting Director Russ Vought ordering a full freeze of the agency. President Trump himself this week said the CFPB was “very important to get rid of.”

“It was also a waste,” he said at a details ⇒

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