In addition to reduced enforcement and supervision, Idziak expects a shift in where more of the oversight will take place.
Mortgage fraud risk has significantly increased year-over-year, despite leveling out recently, according to Cotality. Matt Seguin, Senior Principal of Fraud Solutions at Cotality, links higher interest rates to a rise in transaction-related fraud. https://t.co/uQy6MYWEhP
— Mortgage Professional America Magazine (@MPAMagazineUS) July 1, 2025
“They’ve indicated that they’re going to reduce supervision, reduce examinations, by about 50% overall, and shift back to depositories,” Idziak said. “You’ll see that as a shift in the future in the ratio between Independent Mortgage Banks (IMBs) and depositories. It shifted over time, from banks initially, now more towards IMBs, and it looks like it’s going to shift back.”
Regardless of how much the CFPB shrinks or what side of the banking world draws its greatest focus, Idziak warns mortgage brokers that he expects mortgage lending to still be a major point of emphasis.
“The bureau did indicate that mortgages are going to remain one of their highest priority areas,” he said. “So, to the extent that you do have a slimmed-down bureau, mortgages will still be an area of focus for them. Until you see a statute or a rule change, the law is still the law, even if you may have fewer cops on the beat at the moment.”
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