Executive Order 14393: Promoting Access to Mortgage Credit

What does Executive Order 14393 do?

CFPB and other financial regulators were directed to consider legally permissible revisions to qualified-mortgage, HMDA, capital, construction-lending and appraisal policies. FHFA was assigned a housing finance report within 120 days.

Later official evidence reviewed September 26, 2026: The CFPB published a July 2026 request for information on mortgage disclosures and other possible regulatory changes. It sought comments; it did not itself amend mortgage rules or demonstrate improved credit access.

Reading the operative provisions of Executive Order 14393

EO 14393 directs federal financial regulators to consider changes to mortgage-lending, disclosure, appraisal and servicing rules with the goal of expanding access to credit. It discusses areas such as qualified mortgages, home-mortgage disclosure, capital treatment and construction lending. The Federal Register text asks agencies to review their rules; it does not itself approve a loan or change a borrower’s credit score.

Mortgage standards balance access, affordability and the risk that borrowers receive loans they cannot repay. Agencies may review documentation requirements or capital rules, but any change must fit their statutory authority and preserve consumer protections such as fair-lending and disclosure requirements. The Consumer Financial Protection Bureau, banking regulators and housing agencies have different responsibilities, so a coordinated policy still requires separate agency action.

A recommendation or proposed rule is not a change to a mortgage contract. Lenders must continue to apply existing underwriting and disclosure rules until a final action takes effect. Borrowers should use current lender and regulator information rather than assume the order made qualification easier. To measure outcomes, compare approval rates, interest costs, delinquencies and access across borrower groups while considering housing prices and loan terms.