Multiple lenders tell Inside Mortgage Finance that, in late March, the enterprises began rejecting loans that would have been easily approved in early March.

Nevertheless, rumors are circulating that the Biden administration is preparing to test the legal waters by having the FHA and VA extend their REO eviction moratoriums to the end of the year. These were also scheduled to end on Saturday. If that were to happen, most observers believe FHFA would follow suit.

It’s highly likely the adverse market refi fee boosted Fannie Mae’s revenues as well, but that GSE won’t release earnings until next Tuesday.

Rob Zimmer, head of external communications for CMLA, described it this way: "It’s a terrible policy idea, given that only the middle class pays it. Wealthy households paying cash for homes or using jumbo mortgages won’t pay a dime."

The Supreme Court remanded a portion of the case, leaving it for the Fifth Circuit Court of Appeals to decide how to handle the question of whether the unconstitutional nature of FHFA’s leadership structure damaged shareholders and, if so, what kind of compensation they might be owed.

Freddie had the hot (MSR) hand in 2Q21...

The selling institution is based on the West Coast...

COVID-related mortgage losses have been minimal, allowing the GSEs to benefit...

The number of loans 30-days past due was up 13.6%...

Bayview Asset Management and Flagstar Bank are the latest non-agency MBS issuers to stock deals with investment-property mortgages that could have been sold to Fannie and Freddie...