While the trade group still submits formal comment letters, sometimes faster action is needed, such as a text from MBA President and CEO Bob Broeksmit to an administration official.
Even if interest rates on mortgages don't decline further, the Fed's 25-basis-point rate cut is seen as helping to increase awareness about rate moves.
"I think any outcome is ultimately an acceptable outcome," Michael Comparato, president of Franklin BSP Realty Trust, said of potential reforms to the GSEs.