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.

Industry players are asking the NYDFS to delay new mortgage servicing rules that go live in less than two weeks. Servicers say they are not ready.

If a Democrat wins the presidential race, industry analysts expect regulatory changes in the mortgage industry. If Trump is reelected, GSE reform efforts will continue to gather pace.

Asked what levels of capital would be necessary in order to release Fannie and Freddie from conservatorships, Treasury and FHFA said it is “premature” to comment on specific levels.

For allowing FHLB membership, FHFA wants to know what specific financial requirements should be enforced and how existing members would be impacted.