The Urban Institute says mortgage servicing compensation has been largely overlooked in the debate over housing-finance reform even though it plays a critical role.
The FHFA Inspector General has found that, on more than one occasion, the agency failed to disclose more than half the cost of developing the technology behind the single security platform.
Moody's and Fitch say there is a possibility that Fannie's and Freddie's ratings could be downgraded if government support for the two mortgage giants is reduced through housing-finance reform.