David Stevens, who led the FHA for part of the financial crisis, recalled difficult times dealing with policymakers and appropriators.

“The conservatorships are a huge barrier to entry for private capital,” said former FHFA Acting Director Edward DeMarco.

Dovenmuehle and Cenlar have long dominated the sector, but a growing number of small and midsized players have made inroads in recent years.

The Mortgage Bankers Association wants the FHFA to push Fannie and Freddie to go easy on mortgage buybacks.

Among the four largest holders of first liens, only Bank of America decreased its portfolio in the second quarter.

The White House meeting is expected to touch on key lender issues, including credit overlays, government enforcement actions, regulatory burden and risk-based versus FHA pricing.

For now, nonbanks that fund non-QMs must sell them to an investor unless they have a balance sheet. Securitizations likely won’t happen until sometime in 2015.

The Finance Agency filed suit against HSBC and 17 other firms in 2011. The two remaining defendants in the cases include Nomura Holdings and the Royal Bank of Scotland Group.

Delta Prime Refinance was the business trade name used by Intermundo.

Is it time to sell shares in Fannie Mae and Freddie Mac?