The Congressional Budget Office looked at how an increase in nonbank issuers and a higher volume of VA loans might put Ginnie Mae’s MBS program at risk.
Some of Cenlar’s subservicing clients are eyeing a switch. But when it comes to securities holders whose assets are being serviced by the vendor, so far, there isn’t much to worry about.
It should be a banner year for mergers and acquisitions in the residential finance space. Already, two deals have been announced, with more likely to follow.
The recommendations from a coalition of lenders, led by the Mortgage Bankers Association, were oriented largely at reducing the burden of data collection by allowing loans to be screened out of the process more easily.
The housing community continues to search for signs of negotiations on the Build Back Better agenda, but whether the legislation will pass or how much housing funding will remain in the final version of the bill is anybody’s guess.