The bill aims to boost housing supply and limit institutional ownership of single-family homes to some extent. There are also some provisions that will directly impact the mortgage market.
Rocket Mortgage and Cenlar remained the largest subservicers — by far, as of the end of March, though the firms ranked third and fourth gained some ground during the first quarter of 2026.
Recent changes by the NAIC and worsening conditions in the commercial real estate market have led insurance companies to devote more capital to non-QMs.
AGNC Investment passed Annaly Capital Management during the first quarter of 2026 as the largest real estate investment trust in terms of holdings of MBS.
Tom Feltner, associate director of consumer policy at Americans for Financial Reform, said the changes will have a “chilling effect” on the number of people who are willing to seek help from the bureau on a wide range of issues — not just credit reporting errors.