All CFPB employees, including examiners, will telecommute until April 3 in response to the coronavirus, potentially putting all rulemaking, supervision and enforcement activities at the bureau on hold.

Mortgage firms are either allowing call center employees to telework or have stepped up cleaning procedures in response to the coronavirus.

The creation of the qualified-mortgage patch was “unfair” but necessary to prop up originations, according to former CFPB officials who were involved in crafting the temporary rule.

In the wake of the coronavirus pandemic, some state regulators have temporarily eased rules to allow loan originators to telecommute.

The industry has once again written to Congress requesting that guarantee fees be used only as originally intended: as a critical risk management tool to protect against potential mortgage credit losses.

Regulators are asking lenders to be mindful of how the coronavirus outbreak may impact borrowers’ ability to make monthly mortgage payments.

In more troubles for Sterling Bank and Trust, the lender’s residential mortgage operations are now under investigation by the Department of Justice.

There seems to be no clear consensus among the Supreme Court justices hearing the case challenging the constitutionality of the Consumer Financial Protection Bureau.

If Treasury converts its senior preferred shares to commons and the GSEs go for a public offering, existing shareholders will take a haircut. Valuations on the commons could dip to $1/share for Fannie and $2 for Freddie.

Ginnie Mae plans to replace the current pool-level orientation of its mortgage-backed securities platform with loan-level functionality. The goal is to scope out a path and timeline to implement loan-level capabilities.