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.

Supreme Court next week will hear arguments on the constitutionality of the Consumer Financial Protection Bureau’s leadership structure.

A top Justice Department official says there is no need for providing more policy guidance regarding the appropriate use of the False Claims Act.

Concerned about relaxed appraisal standards for mortgage originations, two senior members of the House Financial Services Committee want the Government Accountability Office to conduct a study.

Mortgage service providers are seeking a clarification from the Federal Communications Commission on the definition of an “automatic telephone dialing system” in light of differing court interpretations.