Slight interest rate relief might lead to a refinance wave that could help servicers offset some of the performance drags expected from prepayments and rising unemployment.
Trade groups suggested improvements to Ginnie Mae’s reverse-mortgage securitization program, many of which were already included in a planned update the agency has gone quiet on.
Participants in the housing market addressed the House Committee on Financial Services this week, broadly seeking deregulatory measures they said would cure the affordability crisis.