FHFA Director Mark Calabria this week ended a pilot program that allowed the GSEs to extend lines of credit to nonbanks pledging servicing rights as collateral.

Eli Global, the owner of three active mortgage lenders, has a new name — Global Growth — and a new chairman — George Vandeman. Meanwhile, founder Greg Lindberg remains the sole owner of Eli.

Growth in subservicing contracts slowed a bit in the second quarter as con-tinued low interest rates took their toll. It’s anticipated that once rates in-crease, more vendors could disappear through M&A.