The Structured Finance Association warned the CFPB's servicing proposal would decrease the value of mortgage servicing rights, leading to a substantial negative impact on the secondary mortgage market.
The revamped rules allowed lenders to use a wider variety of standards to meet ATR and qualified-mortgage requirements while also introducing some uncertainty on whether specific loans comply with ATR standards.
The creation of a U.S. sovereign wealth fund could grease the skids for an end to the conservatorships of Fannie Mae and Freddie Mac.
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