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Modernization of Home Home Loan Disclosure Act (HMDA) Data Collection and Disclosure. (a) The CFPB will think about, as proper and constant with applicable law, proposing changes to Regulation C to raise the possession limit for exemption from HMDA information collection and reporting requirements for smaller banks, to leave out queries from the scope of HMDA, and to guarantee that disclosures protect personal privacy and minimize problems, including insufficiently tailored, expensive, and complex software application and training required for reporting financial institutions.

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4. Capital and Liquidity Alignment. (a) The Vice Chairman for Guidance of the Federal Reserve, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the Federal Housing Financing Company (FHFA) will consider, as suitable and constant with applicable law: (i) modifying capital regulations, consistent with proper risk-management requirements, to tailor danger weights for all banks, consisting of community banks and other smaller banks, for portfolio home loans, servicing rights, and warehouse lines of credit to the product credit danger of the direct exposure; (ii) improving security appraisal and transfer systems in between the Federal Reserve and Federal Mortgage Banks (FHLBs); (iii) broadening access to longerdated FHLB advances connected to domestic mortgage properties; (iv) creating targeted FHLB liquidity programs for entrylevel real estate, owneroccupied purchase loans, and small domestic home builders; (v) speeding up collateral boarding and valuation processes through standardized information and digital documentation; and (vi) refocusing the FHLBs' Budget Friendly Housing Program on faster-cycle execution and higher monetary utilize for small and owner-occupied real estate jobs.

(c) Within 120 days of the date of this order, the Director of the FHFA, in consultation with the heads of other appropriate executive departments and agencies, will submit a report to the Assistant to the President for Economic Policy and the Director of the Office of Management and Budget on the effectiveness of national housing financing markets.

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Building and Real Estate Supply. (a) The Vice Chairman for Guidance of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency, will consider, as appropriate and constant with suitable law, revising supervisory assistance both to omit one-to four-family residential development and building financing from industrial real estate concentration guidance and to ensure supervisory expectations support accountable construction loaning by community banks.

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6. Appraisal Modernization. (a) The Vice Chairman for Guidance of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of Board of Directors of the FDIC, the Comptroller of the Currency, and the Director of the FHFA will think about, as appropriate and constant with suitable law and their statutory authorities: (i) updating appraisal guidelines and guidance to broaden using alternative valuation models, desktop and hybrid appraisals, and expert system assessment tools; (ii) simplifying appraiser certification requirements; and (iii) lowering appraisal requirements for low-risk transactions, consisting of low loan-to-value refinancing and smallbalance loans; and setting clear appraisal timelines.

Digital Mortgage Modernization. (a) The Secretary of Agriculture, the Secretary of HUD, the Secretary of VA, and the Director of the FHFA shall think about, as proper and constant with relevant law: (i) removing unneeded wetsignature requirements for disclosures, applications, closing documents, and comparable documents; (ii) standardizing acceptance of electronic signatures, e-notes, and remote online notarization; and (iii) promoting digital home mortgage standards.

8. Servicing and Supervisory Certainty. (a) The Secretary of HUD, the Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency will think about, as appropriate and constant with relevant law: (i) lining up supervisory expectations to support portfolio home mortgage maintenance as a core neighborhood banking function; extending curefirst standards to goodfaith maintenance mistakes; simplifying loss mitigation requirements; and issuing a proposed rule providing exemptions from intricate home loan services for smaller banks; and (ii) guaranteeing that supervisory examinations of carrying out, prudently underwritten portfolio loans do not concentrate on technical flaws or count on developing supervisory analyses.

9. Enforcement. (a) The Vice Chairman for Supervision of the Federal Reserve, the Director of the CFPB, the Chairman of the NCUA Board, the Chairperson of the Board of Directors of the FDIC, and the Comptroller of the Currency shall consider, as proper and consistent with suitable law, promulgating a policy versus enforcement actions for infractions of consumer monetary laws that: (i) prevents imposing civil monetary charges, other than where the underlying violations are willful, understanding, or negligent; (ii) thinks about excellent business conduct, consisting of a bank's correction of good-faith, technical compliance mistakes; and (iii) allows institutions a sensible opportunity for self-identification and removal of appropriate compliance matters.