Rep. French Hill, R-AR, the chair of the House Financial Services Committee, was critical of initiatives by Bill Pulte, director of the Federal Housing Finance Agency.
Some $307.0 billion of Cenlar's subservicing portfolio is in the process of leaving Cenlar or has provisions allowing a move to a different subservicer if Cenlar is sold.
Ranking Member Maxine Waters, D-CA, praised the House's bipartisan effort to pass the Housing for the 21st Century Act, but said one bill isn't enough to fix the housing affordability crisis.
When asked Tuesday during Zillow’s earnings call whether mortgage lending is profitable for the company, company officials declined to directly answer the question.