Rates are rising and that means an end to the refi boom? Don’t bet on it.

The proposal, if issued, will allow credit unions to purchase MSRs as an investment.

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.

She’s not a brain surgeon, but a Democratic legislator from the Rust Belt. Midweek, Joe Biden revealed Rep. Marcia Fudge as his pick for Housing secretary.

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Committee Chair Maxine Waters, D-CA, wants various rules and regulations introduced during Trump’s presidency to be rescinded or replaced.

Like in previous annual reports, the Financial Stability Oversight Council noted that nonbank mortgage companies can be more vulnerable to financial difficulties than depositories.

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.