A bill recently introduced in Congress seeks to cap the number of delinquent loans the Department of Veteran Affairs can purchase through the VA Servicing Purchase program annually at 250. Mortgage industry participants strongly oppose the bill.
Bill Pulte, nominee for FHFA director, and Jonathan McKernan, the nominee for CFPB director, detailed some of their plans.
News Tailored to Your Needs
Get Focused Coverage
Inside Mortgage Finance's newsletters break the mortgage market down so you get the news and data you need most, whether it's total industry coverage or just the news related to securitization, regulation, profits or other specific topics.