Despite soaring profits, Fannie and Freddie continue to levy a 50-basis-point fee on nearly all refis to pay for the cost of COVID-19.

States hope to finalize standards for nonbank servicers despite strong opposition from industry participants. Details are still being ironed out, and implementation remains a concern.

A number of groups representing lenders and consumer advocates said the CFPB should abandon an effort to extend the QM patch beyond July 1. The regulator also faces hurdles involving the GSEs and federal rulemaking requirements.

Mortgage industry groups continue to put pressure on the Treasury Department and the Federal Housing Finance Agency to revisit the restrictions on the amount of loans Fannie Mae and Freddie Mac can purchase.

Economists tease out the intricate relationship between forbearance, unemployment rates, home prices and new for-sale listings.

At a Senate committee hearing this week, consumer advocates called for stronger enforcement, industry representatives picked on the CFPB and Republicans and Democrats pushed different priorities.

The proposed rule would require the GSEs to write living wills that include no government support. However, their PSPA with Treasury includes letters of credit with an outstanding balance of $254 billion.

When the FHFA appointed two new independent directors to the CSS board in January, it changed the balance of power in its favor.

Even though proposed state capital requirements and other standards are deeply unpopular among nonbank mortgage servicers, the CSBS said it will move ahead with its plans.

State regulators in 2021 plan to establish a streamlined examination process for nonbanks, as well as string together standards for servicers.