Fannie imposes a draconian 3% cap on NOO loans for some lenders to ensure it meets the 7% cap required under the PSPA. Freddie, already under the cap, puts its threshold at 6%.

Fannie and Freddie have provided lenders with some flexibilities on construction-related loans. Also, they will pause acquisitions of refinances of mortgages with high loan-to-value ratios.

GSE reform garnered a slight mention in the White House budget document. Meaning? Draw your own conclusions.

Applications are down but not dramatically so. Also, UWM’s CEO sees opportunities in the M&A binge, namely the ability to recruit some top-flight talent who might be left without a home.

Fannie Mae is feeling slightly more bullish on the origination picture for 2021. Also: Are lenders ready to chop heads?

Fannie and Freddie both plan to increase their acquisitions of purchase-money mortgage loans secured by manufactured homes.

Mortgage industry veteran Ron McCord faces decades in prison after confessing to bank fraud and money laundering charges.

Has market sentiment spread to the MI sector? Genworth Financial scuttles (for now) IPO of mortgage insurance division.

Nondepositories may not object to the anti-redlining regulations if they come with bank-like privileges.

Borrowers will be able to save $100 to $250 per month. But eligibility rules to qualify for a refi may limit participation.