Production of non-QMs is nowhere near the levels seen earlier this year. The situation won’t change until demand rises in the secondary market.

The GSEs won’t accept LIBOR-based loan applications after Sept. 15. They expect all purchases linked to the London rate to cease by yearend.

Brian Montgomery, the recently confirmed HUD deputy secretary, is known for working in a bi-partisan fashion and pushing through meaningful legislation.

Yes, but the pattern could be short-lived, Black Knight believes.

Mortgage servicing rights have little value in today’s secondary market, but investment bankers predict that one day, maybe soon, this volatile asset will once again rise from the ashes.

The FHFA has adopted bank-like capital standards for Fannie and Freddie, but the result won’t be bank-like returns on equity, making a public stock offering for the two entities more difficult.

Conferences are big revenue generators for many trade associations, and the cancellations of shows this spring will hurt financially.

On the surface, all looks well for warehouse lenders but behind the scenes underwriting is being tightened and new clients are being put on hold.

During a House committee roundtable, the Mortgage Bankers Association requested Congress for a funding facility for servicers and legislation to help lenders with mortgages that entered forbearance soon after closing.

Mortgage servicers and credit unions are worried that if a new California forbearance bill becomes law their bottom lines will be significantly impacted. The bill would greatly extend the forbearance period.