QM status will no longer be tied to whether a loan is eligible for sale to the GSEs, potentially prompting a shift toward non-agency mortgages.

The proposed rule establishes new liquidity, as well as reporting, requirements for Fannie Mae and Freddie Mac.

State regulators should propose thresholds to relieve smaller nonbank servicers from certain regulatory requirements, said the CHLA.

Justice Stephen Breyer raised eyebrows by characterizing the government’s net worth sweep of Fannie Mae and Freddie Mac profits as nationalization of the GSEs.

House Financial Services Committee Chair Maxine Waters, D-CA, wants various rules and regulations introduced during Trump’s presidency to be rescinded or replaced.

Purchase-mortgage production is expected to climb to a record high next year, according to industry economists. Refis may not match this year’s unprecedented volume but will still remain strong.

In testimony before lawmakers, both Treasury Secretary Steven Mnuchin and Federal Reserve Chair Jerome Powell stressed that time and care is needed to raise capital before the GSEs exit conservatorship.

Particularly concerning is an uptick in borrowers who had previously exited forbearance options but are now once again seeking relief.

In areas where home price appreciation rises faster than conforming loan limits, Redwood's network of correspondent lenders gives it an edge in the jumbo loan market.

The Federal Housing Finance Agency has raised the baseline conforming loan limit for GSE mortgages by $37,850 for next year.