The former Texas lawmaker and NFL player was executive director of the White House Opportunity and Revitalization Council in Trump 1.0.

The trade group called on the agency to move forward with its plan to allow loan-level options for MSR transfers.

Industry watchers expect the fiscal year 2025 budget appropriation bill to get kicked further down the road through another continuing resolution.

Industry trade groups noted that the increase comes on top of a 400% price hike over the past two years. They also argued that the credit re-porting bureaus will inevitably add additional price hikes.

Currently, if an individual loan in a Ginnie Mae pool has a defect, the entire pool is ineligible for sale, limiting an issuer’s options to transfer servicing rights.

FHFA and CFPB insiders expect the new administration to make quick changes in agency leadership, a process made easier by Republicans gaining control of the Senate.

Housing advocates say weaker goals don’t give the GSEs enough incentive to support underserved communities; lenders say they give needed leeway when markets are unpredictable.

CHLA lauds Democrats in Congress for urging the Biden administration to investigate Fair Isaac for anticompetitive activities.

Ginnie Mae must firm up plans to boost nonbank issuer liquidity for times of stress and set policies for transferring MSR in the event a large servicer exits the market, speakers said at a summit this week.

Shifting the burden of title insurance from borrowers to lenders may not provide the best overall cost savings, according to economists at the Urban Institute.