We’re still waiting to hear word on pending legislation to provide economic relief to consumers and businesses affected by the pandemic. Included in the bill is a funding mechanism for nonbank servicers.

FHFA’s move regarding appraisals was somewhat expected...

Bottom line: The Fed will keep buying agency MBS as long as it has to...

Meanwhile, mortgage wholesalers are starting to reassess their rate-lock policies for shelter-in-force states...

In a time of crisis should Fannie and Freddie be allowed to hold more MBS? Hike the GSE loan limit too?

The maneuvers have raised questions about the CFPB’s ongoing rulemaking, supervision and enforcement activities…

Consultant Paul Hindman, who heads Grid Financial, said he knows of one lender who recently sent 1,000 workers home “with new equipment.” He did not identify the shop by name.

Calabria suggested the new version of the capital rule might not look so different from the version proposed under the previous director, Mel Watt.

The goal is to stop a tidal wave of housing-related financial damage that might potentially destroy the social fabric of the nation.

And therein lies a chief fear for the mortgage industry: as the economic damage caused by the spreading coronavirus piles up, will nonbank Ginnie issuers have enough liquidity to make those payments in the months ahead?