Under standards established during the last days of the Trump White House, the patch was set to expire for loans with applications of July 1, 2021 and beyond.

Chopra said industry participants will be offered a “robust way to comply” with fair lending laws and that wrongdoers will be held accountable...

Meanwhile, the CFPB issued a report that warns of widespread evictions and foreclosures once “federal, state, and local pandemic protections come to an end, absent additional public and private action.”

Treasury, which administers the capital magnet fund, uses the money to provide competitive grants to community development financial institutions and nonprofit housing organizations.

Claudia Merkle, CEO of National MI, said FHA and MI businesses operate on different points of the risk spectrum and, therefore, a cut in MIP will not result in massive ramifications for the MI industry.

The amended preferred stock purchase agreement between the FHFA and Treasury includes limitations on acquisitions of mortgages for investment properties, second homes and products with “high risk” characteristics...

State regulators plan to launch a "one company, one exam" pilot for nonbank mortgage companies and issue standards for servicers...

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

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]...”

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