Trump Signs Orders Aimed at Mortgage Access, Housing Costs (1)

President Donald Trump signed two executive orders on Friday aimed at making homeownership more affordable, the latest step by the administration to ease cost-of-living concerns as the Iran conflict drives up gas prices and rattles markets.

One of the orders is aimed at easing access to mortgage credit and directs the Consumer Financial Protection Bureau to tailor mortgage rules to make it easier for smaller banks to “facilitate more affordable lending,” according to a White House fact sheet. It also calls for bank regulators to revise guidance to focus on “prudent underwriting” and to support construction lending by community banks. ...