However, FHFA made it clear the agency is not cancelling the new fee, which it says is intended to help Fannie and Freddie defray the costs associated with COVID-19 relief. The agency says those actions have conservatively cost the enterprises $6 billion...

NAR also recommends eliminating the steep 500 to 700-basis-points fee on GSE forbearance loans...

The general consensus is that this new loan-level price adjustment will not be killed outright but very well could be moved back by at least 60 days from its current Sept. 1 implementation date. This would allow lenders facing rate-lock hits to avoid financial damage…

The CFPB said the sweep of investigations is still ongoing, indicating that more enforcement actions might be on the way.

In a new filing with the SEC, Mr. Cooper disclosed that after accounting for a modest increase in the value of its mortgage servicing rights, the new GSE LLPA will reduce the value of the loans in its pipeline by approximately $20 million...

The concept of a state-level CFPB was revived through a budget trailer bill on Aug. 4.

The senators said they find it distressing that such a large fee would be introduced “with no consultation with Congress and no notice to external stakeholders.”

A basic question: Will Treasury step in to change the trajectory of the new GSE refi fee? (The mainstream media has finally discovered the story.)

As one vendor put it: “Loss mitigation was behind the scenes for a while because everyone was saying that foreclosures are low and bankruptcies are stable. Well, that’s not the case anymore."

CBO, in a report that received little notice, based its estimates on a variety of assumptions about the companies’ retained earnings, capital requirements and more...