Mortgage lenders shouldn’t interpret the downsizing of the Consumer Financial Protection Bureau (CFPB) as a green light to ease compliance, despite potential mass layoffs and a shift in priorities, industry experts told HousingWire.

As part of the Trump administration’s latest moves, more than 1,400 employees, out of 1,700 total, were told they were laid off from the CFPB on Thursday. A source told HousingWire that the entire mortgage markets team has received reduction-in-force notices. (The CFPB did not immediately reply to a request for comments.) 

However, the mass termination is already facing legal details ⇒

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