Ginnie Mae said it is concerned that issuers could abuse buyouts and "undermine the integrity of the MBS program."

“The agency may therefore continue to operate, but its director, in light of our decision, must be removable by the president at will,” according to the majority opinion, written by Chief Justice John Roberts.

In order to nullify a rule using the Congressional Review Act, the resolution has to pass both houses of Congress before it goes to the president...

In her letter, Rep. Waters acknowledges the need to manage the risk associated with forbearance loans, bu recommends an alternative to the steep LLPAs leveled by FHA and FHFA. Instead, the congresswoman says those costs should be spread across the agencies’ broader single-family portfolios, resulting in “near-negligible costs on any individual loan.”

MBA suggests that mortgage-investing REITs also would benefit from the relaxation of the FHLB’s eligibility regulations...

The interim final rule goes into effect July 1...

The FHFA is pushing for legislation that will allow it “to examine the records, operations and facilities” of all Fannie/Freddie servicers – an expansion of its supervisory role over nonbanks.

The CFPB proposed standards for qualified mortgages that don’t rely on a loan being eligible for sale to the government-sponsored enterprises.

Under the program, companies can submit specific queries identifying uncertainty in existing rules...

Forbearance tallies keep falling, which is good news for both servicers and consumers...