Since the summer, the regulator has been pondering reducing the current $417,000 maximum loan limit and the high cost limit of $625,500. At the earliest, a change could come by January.
The CFPB also said it is exempting servicers from being required to provide periodic account statements and certain early intervention contacts with borrowers who are in bankruptcy.
The low profile of the FHLBs, which has served the system so well in the past, has become a sizable policy risk as the relatively few people who will be directing housing finance reform know what the system does.
The exodus of a majority of the pre-crisis nonbank entities within the mortgage arena provides an opportunity for banks to re-establish their position within the mortgage market, according to regulators in Connecticut.
On the servicing side of the balance sheet, Citigroup reported $180.3 billion in third-party servicing rights, a 2 percent decline from the same period last year.
Clayton noted 907 compliance findings from its review. However, Fitch said the findings were deemed to be out of scope and waived by Fannie due to the limited scope of its post-close review for compliance.