John Ryan, president and CEO of the Conference of State Bank supervisors, suggested that cooperation between the CFPB and state regulators will be particularly important.
One person opposed to the idea is Scott Olson, executive director of the Community Home Lenders Association, a trade group that was among the first to ask Ginnie to withdraw the RFI...
Veteran loan broker Michael Foote called it, “Good marketing more than anything, but they’ll just stack the loans and then sell them as soon as the new loans can be delivered…