Survey also finds that more than one-third of credit unions originated mortgages in 2012 that would not fit under new rule.
Panel to take up housing finance reform with a focus on private investments.
FHFA said the GSEs will generally not buy loans that don't meet the CFPB's new "ability to repay rule."
North Carolina congressman's nomination to FHFA top spot prompts careful comments from trades.
Media sources report that Mark Zandi, chief economist at Moody's Analytics, is a lead contender to replace DeMarco.
Refinancing program had been scheduled to end at the end of 2013. Now gets two more years.
Borrowers relieved of requirement to document hardship or financial situation.
Foreclosure figures released in a report Wednesday from the Federal Housing Finance Agency indicates the housing market is on the road to recovery.
The Federal Housing Finance Agency, the regulator and manager of government-owned Fannie Mae and Freddie Mac, is poised to start to restructure the secondary mortgage market whether credit unions, banks or legislators are ready or not.
Panel to discuss how government policy at Fannie and Freddie played role in housing collapse and financial crisis.