The bottomline: The current QM standards, including the GSE patch, will remain in effect.

The industry veteran joins a growing list of highly regarded members of GSE leadership who have recently decamped for greener pastures in private enterprise.

Mr. Cooper originated $24.5 billion of mortgages, a handsome 56.2% improvement from 3Q20.

MFA Financial took a large loss in 2020. Overall, the company didn't acquire many non-QMs during the fourth quarter...

There was another $728.4 million of unresolved buyback demands still pending at the end of the fourth quarter...

MBS has been a favorite of institutional investors during these troubled times...

Attorney Brian Johnson of Alston & Bird: "It is entirely possible that under new leadership the agency would choose to adjust or rescind certain aspects [of the rule]...”

Ocwen: “Of our foreign-based employees, more than 70% were engaged in our servicing operations"...

The final lap brought year-to-date earnings to $22.52 billion, a 66.3% gain from 2019.

Fannie said it’s still assessing the potential damage. Freddie hinted at the possible deleterious prospects...