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Trump Housing Watchdog Moves to Ease Fines He Helped Banks Fight

  • FHA’s Montgomery proposes overhaul of loan compliance rules
  • Goal is to give lenders more clarity on how to avoid missteps
Rows of houses stand in Las Vegas, Nevada, U.S., as seen in this aerial photo taken on Tuesday, Sept. 22, 2009.
Photographer: Jacob Kepler

Brian Montgomery spent years helping lenders fight fines for faulty mortgage underwriting before President Donald Trump nominated him to run a key housing agency.

Now that he leads the Federal Housing Administration, Montgomery is pursuing policies that could make such penalties far less likely.