Mat Ishbia, the CEO of the nation’s largest table-funder United Wholesale Mortgage, said FHFA limits on GSE purchases of second home and investment property mortgages are already adding to consumer costs.

The CSS board now has four GSE-appointed members and five independents. Fannie and Freddie warned that this new majority will have the final say on any matter during conservatorship and on a number of significant matters following conservatorship (if they ever exit).

The GSEs’ regulator heard testimony on the risk climate change poses to Fannie, Freddie and the broader housing market.

Critics argue the GSEs’ resolution plans must acknowledge the PSPAs and the government’s contractual obligation to support.

The CFPB proposed rulemaking to delay mandatory compliance with the general qualified mortgage rule until Oct. 1, 2022.

Treasury’s stake in the GSEs should be used to create a joint venture focused on affordable housing. Also, to ensure success, Fannie and Freddie should be converted into utilities, two industry pros recommend.

USMI criticized the increased use of appraisal waivers for refis with high-LTV ratios, which help determine g-fees and insurance premiums.

HUD’s Housing Trust Fund and Treasury’s Capital Magnet Fund will get a combined $1.09 billion, more than double their take in 2019.

Spikes in amortization income, guarantee-fee income and credit-related expenses are all closely tied to the government’s intervention in the coronavirus crisis. (Includes data chart.)

Because of the terms of the CARES Act, not only are borrowers in forbearance allowed to skip their monthly payments, but servicers are prevented from reporting their mortgages as past due.