The CFPB is likely to extend the qualified-mortgage patch, but the question remains whether it will make changes to the current QM framework.

Warehouse credit flows downhill: from the financier to the nonbank lender to the consumer. But with the pandemic stoking new economic fears, some providers are tightening their standards, like market leaders JPM and FH.

According to independent mortgage bankers, aggregators are adding credit overlays and refusing to buy loans in response to post-closing forbearance risk.

Production of purchase mortgages is likely to fall this year due to issues tied to the coronavirus.

The megabanks saw their first-quarter mortgage results get whipsawed by the coronavirus. Home lending was down and MSR marks were up.

Banks have received two-year relief from the full impact of the new current expected credit losses accounting standard as they cope with broader impact of the coronavirus. Nonbanks are seeking similar relief.

Nonbank liquidity remained a contentious issue this week with the FHFA shutting the Fannie/Freddie assistance window as the coronavirus continued to hammer the U.S. economy. Solutions? Maybe the Fed.

Wells Fargo has temporarily halted jumbo production through correspondent sellers while Chase, the other major player, is still active.

Megaservicer Mr. Cooper anticipates a large MSR mark for the first quarter, thanks to lower rates and COVID-19. The big question: How bad will it be for the rest of the industry?

Small independent mortgage firms may need to tap the small business loan program under the CARES Act to maintain operations.