President Donald Trump’s executive order targeting mortgages addresses several concerns raised by banks and nonbanks, which have largely welcomed it as a road map for regulatory change. But it’s also receiving pushback from consumer advocates.

Friday’s order on “promoting access to mortgage credit” aims to boost lending by community banks (with less than $30 billion in assets) and smaller banks (below $100 billion) while also outlining broader changes for the mortgage industry.

The move comes alongside housing legislation advancing in Congress. On Thursday, the Senate passed the 21st Century ROAD to Housing Act, stripping out provisions details ⇒

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