Federal agencies scrap Biden-era SPCP guidance
Interagency notice tells lenders not to rely on 2022 SPCP statement
Interagency notice tells lenders not to rely on 2022 SPCP statement
BELLINGS Intelligence Score: 62
Why it matters
The scrapping of Biden-era SPCP guidance by federal agencies represents a significant regulatory shift that affects lender behavior and credit underwriting standards, with implications for mortgage and housing finance markets.
Sources
HousingWire
Federal agencies scrap Biden-era SPCP guidance
Interagency notice tells lenders not to rely on 2022 SPCP statement