If capital and liquidity requirements for nonbank servicers are too stringent, firms could leave the business and borrowers’ costs for mortgages could increase.

While many lenders are already originating mortgages using replacements for LIBOR, many legacy ARMs remain linked to the London benchmark, according to an analysis by Inside Mortgage Finance.

CRA trade-offs and nonbanks: Let’s make a deal? Maybe, maybe not. Meanwhile, investors are still willing to sink cash into good mortgage ideas.

The flexibility and innovation shown by mortgage lenders during the pandemic should be incorporated into everyday practices, according to panelists at the Mortgage Bankers Association’s annual convention.

Many lenders have increased their GSE loan limits nearly three months before new official limits come into play. Originating the loans, though, between now and the end of the year isn’t going to be as simple as lenders think.

An FHFA-OIG report suggests underwriting for the current wave of cash-out refinances is much better than in previous cycles.

The CFPB and the FHFA are no longer quasi-independent agencies insulated from the whims of the White House.

Reporting and reimbursement procedures are expected to change immediately at the government-sponsored enterprises.

The key concern among the industry is the GSEs’ reliance on loan-to-value ratios and debt-to-income ratios. They recommend Fannie and Freddie develop alternative underwriting criteria for low-income borrowers.

For months, the FHFA was working on a new capital regime for Fannie Mae and Freddie Mac. Few were even aware of the exercise. But now it’s here.