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More than any real world problem posed by IMBs, it is the government in all of its manifestations that poses a significant risk to the world of mortgage finance and the housing sector more generally, writes the Chairman of Whalen Global Advisors.

The bill would update mortgage revenue bonds and credit certificates, which are both administered by housing finance agencies.

The top five lenders wrote a combined total of more than $34 billion in home loans during the quarter.

A larger share of sellers were optimistic in May, but the percentage of enthusiastic buyers fell, according to Fannie Mae's Home Purchase Sentiment Index.

But activity is still very low, as just 1% of the market is in the position to refinance thanks to high interest rates, Keefe, Bruyette & Woods said.

Addressing the Bloomberg Invest conference in New York on Wednesday, Fitzpatrick said mortgage-backed securities present a uniquely interesting investing opportunity.

The GOP has launched multiple proposals with this aim and a trade group is specifically backing an expansive one from Rep. Warren Davidson, R.-Ohio.

Christina Baker covers the Northeast for The Bond Buyer. Before that, she was an intern at The Bond Buyer via the Dow Jones News Fund. She's covered government and politics for many Pennsylvania news outlets through internships, including Spotlight PA, the Allentown Morning Call, and the Centre Daily Times.

Aaron Jacob is head of accounting solutions at TaxBit. Prior to TaxBit, he spent eight years at Chatham Financial working with the treasury and accounting teams of corporate and large financial services clients.