The MBA believes that the Treasury Department – despite being the GSEs’ single biggest shareholder – has been absent on Fannie/Freddie reform since early 2011.

The numbers suggest that after seven quarters of complaints being received by the CFPB, mortgage lenders are getting a better handle on complaint resolution.

In 2012 single-family g-fees allowed Fannie Mae and Freddie Mac to collect $12.5 billion from its seller/servicers.

Among other things, the bill would allow FHA to make changes to the reverse mortgage program by mortgagee letter rather than legislation.

Accenture is making major inroads in the residential finance space with its purchase of Mortgage Cadence. Meanwhile, Fannie says market could move toward ARMs.

Some Ginnie Mae investors, however, have voiced concern about the MBS conversion process, particularly its costs.

Legislation unveiled by Rep. Jeb Hensarling, R-TX, would allow for a higher high-cost loan limit than legislation he proposed in 2011.

MBA president Dave Stevens is concerned that events could soon overtake policy makers and force an “imperfect solution” to Fannie Mae and Freddie Mac.

Consumer complaints filed with the CFPB dropped 8.2 percent overall from the first quarter of 2013 to the second, according to an Inside the CFPB analysis of the bureau’s complaint database. Eight of the top 10-ranked financial institutions that had complaints lodged against them saw a drop in complaints during the second quarter, including Ocwen, down 21.8 percent; PNC Bank, off 20.7 percent; and Capital One, down 21.3 percent. The two gainers in the top 10 were Equifax, which saw a gain of 9.4 percent, and Experian, which had...

Republican members of the House Financial Services Subcommittee on Financial Institutions and Consumer Credit closely questioned Consumer Financial Protection Bureau Acting Deputy Director Steven Antonakes last week over the degree to which the CFPB is collecting personally identifiable information from consumers. Many of the GOP subcommittee members were quick to invoke recent scandals involving the IRS’ targeting of conservative groups and National Security Agency leaker Edward Snowden as further evidence of the need to...