CBA Commends President Trump’s Actions to Promote Access to Mortgage Credit

WASHINGTON, D.C. - Consumer Bankers Association (CBA) President and CEO Lindsey Johnson today released a new statement after President Donald J. Trump signed an Executive Order (EO) to promote access to mortgage credit:

"We commend President Trump for taking an important step to expand access to affordable mortgage credit for millions of hardworking Americans. Over the past decade, well-intentioned but overly complex regulatory requirements have increased the cost of originating and servicing mortgages, disproportionately affecting community and regional banks and limiting credit availability for many creditworthy borrowers.

"This Executive Order recognizes that a more balanced, risk-based regulatory framework can help restore bank participation in mortgage lending while maintaining strong consumer protections. By encouraging policymakers to use their authorities, as appropriate and consistent with applicable law, to modernize mortgage rules, streamline compliance requirements, and support innovation in digital mortgage processes, these reforms have the potential to reduce costs and improve the homebuying experience for families across the country.

"We look forward to working with policymakers and regulators to ensure these efforts translate into practical improvements that expand access to safe, affordable mortgage credit and strengthen housing finance markets nationwide."