Today involves a flight from Cancun to the West Coast. Maybe the news flow will cease for me in the six hours in the air, but the news flow impacting lenders, and government agencies involved with residential lending, continues. For example, the VA sent out a note about terminating 585 non-mission-critical or duplicative contracts. “These contracts represent less than one percent of the roughly 90,000 contracts VA currently has in place… The value of the contract cancellations totals about $1.8 billon. After accounting for the money already spent on the contracts, the cancellations will enable VA to redirect about $900 million back toward health care, benefits, and services for VA beneficiaries.” Elsewhere, the US Treasury Department has announced it will not enforce the Corporate Transparency Act, which requires businesses to disclose their beneficial owners. This decision comes after opposition from the Trump administration and legal challenges, citing concerns about the burden on low-risk entities. The Treasury plans to narrow the act’s scope to focus on foreign reporting companies. In compliance news, the image of Elon Musk with a chainsaw struck a nerve for attorney Brian Levy. In his latest Musings, Levy discusses what he sees happening at CFPB in light of current events and what may happen going forward. You can subscribe to get an email when Levy issues a new Musing for free! (Today’s podcast can be found here and sponsored by Floify. Floify is an easy-to-configure point-of-sale platform that allows each branch or loan officer to customize its look and feel to meet the needs of their lending team, homebuyers, and market. Hear an interview with BeSmartee’s Tim Nguyen on the impact of Trump’s second term on housing markets, the necessity of mobile mortgage solutions for lenders, and balancing automation and personal interaction in mortgage processes.)