Despite this "relief" measure, the GSE regulator has been sharply criticized by lenders because the fee is so steep: 500 basis points for first-time buyers and 700 bps for everyone else.

Quicken is an active and major player in the Ginnie Mae EBO game as well...

The fix-and-flip lender relaunched production in September but doesn't expect originations to return to pre-COVID levels until the second quarter of 2021.

The refinance business for private MIs fell 11.0% from the second to the third quarter, dropping to 30.6% of their production. Still, that’s well above historic norms...

Gripes about mortgage applications hit a historical high, jumping 29.9% sequentially to 1,609 in 3Q20. The nine-month reading registered a stunning 124.6% spike year-over-year.

A basic question is posed: If Fannie and Freddie are earning so much money, why do they need to impose the fee?

As Brown and Reed point out, unless Fannie and Freddie specifically require it, the parties purchasing these loans are under no obligation to provide forbearance to the borrowers.

loandepot’s chief backer, dating back to 2010, is private equity firm Parthenon Capital Partners.

Bottom line: Originations increase nicely, but GOS declines...

The deadline for potential competitors to submit their proposals was Sept. 15. However, that was just the first of four phases in the selection process established last year by the FHFA. The enterprises expect the process to take at least another year to complete.