The National Community Reinvestment Coalition, an advocacy group representing more than 750 community organizations, said FHFA “must improve the rigor of its proposed rule so it can accurately measure the GSEs’ activities in underserved markets and encourage an increase in those activities.”
Last week, the House Subcommittee on Housing and Insurance held its first hearing on the Federal Home Loan Banks since 2011, and there were several suggestions for reform.
Bayview acquired $28.91 billion in unpaid servicing principal balance during the quarter, a nearly 90% increase in bulk acquisitions compared with its activity in the first quarter.