The MBA believes that the Treasury Department despite being the GSEs single biggest shareholder has been absent on Fannie/Freddie reform since early 2011.
The numbers suggest that after seven quarters of complaints being received by the CFPB, mortgage lenders are getting a better handle on complaint resolution.
Accenture is making major inroads in the residential finance space with its purchase of Mortgage Cadence. Meanwhile, Fannie says market could move toward ARMs.
Mortgage firms issued $4.34 billion of non-agency jumbo MBS in the second quarter of 2013, with deals from five issuers, both quarterly highs in the new non-agency era.