Lender trade groups are maintaining hope that Congress will vote to pass a trigger lead ban before the December holidays.

The former Freddie executive said eliminating mortgage servicing rights, or transferring them to the GSEs, would eliminate the need for nonbank mortgage servicers to make servicing advances on delinquent loans.

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.

Deputy Secretary of Treasury Wally Adeyemo hinted that the government might reduce its support of the FHLBanks if they don’t put more funds toward affordable housing.

Insurance companies were some of the largest originators of mortgages when the FHLBanks were created, but that’s no longer the case.

A bill to ban trigger lead activity was rolled into an annual appropriations bill. Congress also passed a stopgap funding bill through Dec. 20.

The Federal Reserve announced a 50-basis-point reduction in the federal funds rate this week. Interest rates on mortgages have come down by more than that in recent weeks in anticipation of the Fed’s move.

The Renewing Opportunity in the American Dream to Housing Act seeks to improve housing counseling and financial literacy programs.

Harris reiterates housing plan at debate; Trump vows to prohibit mortgages for undocumented residents; CFPB plans open banking rule for mortgages; Rocket to rebrand.

Flexibility will be key for the industry moving into the November election and beyond, according to speakers at an MBA conference.