Improvements in Collateral Underwriter mean field reviews of appraisals will no longer be required.

The complication of shifting from cash window deliveries to MBS swaps is going to cost lenders money whether they’re big or small.

Last March, major dealers simply didn’t have the liquidity to accommodate the volume of agency MBS being sold. Would a clearing facility speed up settlement enough to prevent a similar market failure in the future?

Securitizing mortgages can be expensive and recent PSPA changes might force the hand of smaller lenders, at least that’s how some trade groups see it. (Includes three data charts.)

The Alternative Reference Rates Committee has warned that it may not be in a position to recommend a forward-looking SOFR term rate by mid-2021.

The CFPB proposed extending the GSE “patch” through September 2022 while new leadership at the regulator considers revisions to the general QM standards.

Trade group officials believe by opening a dialogue with regulators they can fix the GSE cash window “problem” that is looming.

A pop quiz: What backstops $2 trillion in mortgages, earns $1 billion-plus per year but still doesn’t have a permanent boss?

Have Federal Reserve policies, and the flood of refis that they’ve created, permanently altered MBS markets?

As the clock winds down on the Trump White House, the GSE regulator continues to pull levers. Just not the big one. Credit: Steve Mnuchin.