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The move generally gets a thumbs up from industry participants, but what can happen in the long-term is uncertain.

The Federal Housing Finance Agency is looking to revise the framework intended for when Fannie Mae and Freddie Mac exit conservatorship in order to encourage the transfer of credit risk to private investors.

The platform, built off a recent acquisition, looks to create efficiency in the growing wholesale lending market.

Critical defects fell as well, but the percentage that are related to income or employment concerns set a new record, surpassing the one set in the second quarter of last year.

Speculation has mounted that Mike Calhoun, president of the Center for Responsible Lending, is under consideration to lead the Federal Housing Finance Agency. His nomination would be an endorsement of proposals to treat Fannie Mae and Freddie Mac in a similar way as publicly regulated power or water companies.

Also, Geneva Financial, Homespire boost secondary market teams and NFM Lending hires a strategy officer from Fannie Mae.

But the pace of refinances was at its slowest since July, even as interest rates remained low.

Rather than add debt through a HELOC, the company’s product allows clients to get cash in exchange for a portion of the property's value.

Changes made in the waning days of the previous administration limited the government-sponsored enterprises’ purchases of certain loan types, which drew criticism from lenders and community groups alike.

Fitch Ratings’ second quarter numbers suggest even those facing some of the highest repayment hurdles may have been motivated enough by economic improvement to exit before many expirations were due.